XRP’s Drama: Why It’s Stuck in a Love Triangle with Bitcoin & Whales

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Oh, XRP, darling, why are you still stuck in the friend zone of the crypto world? After a flirty attempt to break past the $1.60 resistance last week, you’ve slid back to the $1.35-$1.40 range, like a Bridget Jones at a party who can’t quite commit to leaving the snack table. Market guru Sam Daodu (yes, that’s his real name) says it’s all because of three little problems-or should I say, three exes you can’t seem to shake.

Bitcoin’s Still the Ex You Can’t Move On From

First up, Bitcoin. Ugh, Bitcoin. It’s like that ex who still dominates every room they walk into. Daodu points out that Bitcoin’s market dominance is still hovering around 58.6%, which is basically crypto’s version of “I’m fine, I’m totally over you.” Historically, altcoins like XRP only get their moment in the sun when Bitcoin’s dominance dips below 50%. But nope, institutions are still clinging to Bitcoin like it’s the last slice of pizza at a party. Unless Bitcoin finally breaks above $75,000 (and stays there), XRP’s fundamentals are about as useful as a diary entry about Mark Darcy.

Whales Are Selling Like It’s a Black Friday Sale

Next, the whales. Oh, the whales. Since XRP hit $3.65 in July 2025, these big fish have been selling like there’s no tomorrow. Daodu estimates they’ve offloaded about $6 billion worth of XRP-because, you know, who doesn’t love locking in gains? These whales bought in below $0.65, so they’re basically selling into rallies like it’s a clearance sale at Selfridges. And guess what? That selling pressure is keeping XRP’s rallies shorter than a British summer.

Holders Are Underwater and Clinging to $1.45

Finally, there’s the sad case of the underwater holders. According to Glassnode (yes, that’s a real thing), 60% of XRP holders are sitting on losses, with an average cost basis of $1.44. So every time XRP gets close to $1.45, they’re selling like it’s their last chance to escape a bad date. It’s like a never-ending cycle of “almost there” but never quite making it.

ETFs Are Basically Just Window Shopping

And let’s not forget the ETFs. Remember when they were supposed to be XRP’s knight in shining armor? Well, their assets under management have dropped from $1.65 billion to $1 billion, and they’re only adding about $1.9 million per week. At this rate, they’ll barely make a dent in the supply by the end of the year. It’s like showing up to a party with a bottle of cheap wine and expecting everyone to be impressed.

So, what’s the solution? Daodu thinks it’s all about the CLARITY Act, the crypto bill that’s been stuck in limbo longer than Bridget Jones’s love life. If it passes and declares XRP a commodity, it could finally bring some regulatory clarity and attract institutions. Maybe then banks will start settling in XRP instead of Ripple’s RLUSD stablecoin, and we’ll see some real demand. But until then, XRP’s rallies will probably remain as fleeting as a New Year’s resolution to give up chocolate.

In short, XRP needs Bitcoin to take a backseat, whales to stop selling, ETFs to step up their game, and regulators to finally make up their minds. Until then, it’s just another day in the life of a crypto token that can’t quite catch a break. Cheers, darling!

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2026-03-28 09:58