Orderflow and market microstructure analyst Dom (@traderview2) recently shared a chart tracking cumulative volume delta (CVD) on XRP, segmented by trade size. The chart, covering data from May 6 to 10, revealed a sharp divergence between large and small order flows.
Trades in the 10,000–50,000 XRP range led all categories with roughly 7.5 million XRP in net buying. Orders exceeding 50,000 XRP, followed by more than 4 million XRP in net buying. In contrast, orders between 100 and 1,000 XRP saw over 31 million XRP in net selling, with the 1,000–10,000 range showing net sales of 7.4 million XRP.
The pattern indicates that larger traders have accumulated XRP recently while retail-sized orders exited. Dom suggested that retail investors have exited because of recent price struggles, while the whales who influenced the price dip are accumulating.
I am now tracking aggregated net flows per trade size on $XRP
There's been an interesting dynamic over the last few days
Orders between 10k-50k $XRP have seen the strongest net buying along with orders over 50k (see color legend)
All while orders between 100-1k and 1k-10k have… pic.twitter.com/fqqpeaeGzB
— Dom (@traderview2) May 10, 2025
Retail Selling Rises Sharply
Net selling from smaller orders became more pronounced beginning May 8, according to the chart. The 100–1,000 and 1,000–10,000 XRP buckets both moved lower on the CVD scale as the price likely advanced. Meanwhile, the two largest buckets—10k, 50k, and >50k—moved steadily upward, indicating strong buying interest from higher-volume traders during the same window.
This trend has been going on for some time, as another prominent analyst recently drew attention to whale activity over the past month, where these Investors accumulated 900 million tokens between early April and early May. According to the chart, the smallest trade sizes, 0–100 XRP and 100–1,000 XRP, showed only modest or negative net flow, with the 0–100 range logging just 1.6 million XRP net purchases.
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Who is Selling XRP?
Proponents in the community have consistently advised investors to hold their XRP and not lose these valuable tokens to institutions like BlackRock that are allegedly trying to accumulate them.
WrathofKahneman (@WKahneman), a well-respected community member, inquired whether these large orders might be exchange-generated rather than genuine institutional flows. Dom replied that while the data cannot directly identify counterparties, such orders are “very unlikely to be from the exchanges themselves,” and were more likely driven by retail or institutional actors.
While the chart does not reveal intent, the size breakdown offers insight into the movement patterns of different classes of market participants. The growing gap between the behavior of small and large traders could reflect varying strategies or access to information. If this whale accumulation continues, it may influence short-term market structure and price stability.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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