XRP Records Second Longest Capitulation Wick in History but Traders Say “This Could Surpass 2017

XRP forms its second longest capitulation wick, potentially surpassing the 2017 historic record.

Whale outflows above $50M daily intensify pressure, yet key support holds near $2.70–$2.80.

Analysts eye Q4 updates and candle close to confirm if a new major breakout is emerging.

XRP has recorded the second longest capitulation wick in its trading history, raising market attention across the crypto sector. The last time such a wick appeared was in 2017, before XRP made what many traders called “biblical history.” Analysts are now watching closely to see if the current wick surpasses that record. At the time of writing, XRP was trading at $2.49.

Historical Pattern and Market Structure

According to analysis prepared by JD, the 2025 candle shows the second longest capitulation wick in XRP’s history. If the candle closes higher, this wick could exceed the 2017 record. Data from TradingView indicates that in 2017, XRP formed a long wick after months of consolidation before a strong breakout toward $3.41.

From 2018 to 2020, XRP traded within a descending triangle, followed by an ascending structure forming higher lows until 2024. By mid-2024, XRP broke long-term resistance, forming a consolidation zone

Source: EgragCrypto(X)

The current setup mirrors the 2017 structure, with tightening price action suggesting strong market momentum above the $1.50–$2.00 range. According to an observation by Egrag Crypto, October has historically been a bullish month for XRP, with eight out of thirteen Octobers showing upward performance.

Whale Activity and Short-Term Market Outlook

On-chain data from CryptoQuant revealed daily whale outflows exceeding $50 million, showing consistent selling since late September. Santiment data confirmed that addresses holding over 1,000 XRP have been reducing positions without offsetting inflows, creating short-term pressure on prices.

Source: AliCharts(X)

According to analyst Ali Martinez, whales have offloaded around 440 million XRP in recent weeks. This heavy distribution has weighed on sentiment and price performance, with XRP recently dropping from $3.40 to $2.81. Analysts believe that maintaining support near $2.70–$2.80 is crucial for stability.

If Ripple delivers strong Q4 updates and improved regulatory clarity, the price could move toward $3.00–$3.10. Market observers continue to await the candle close to confirm whether this will become XRP’s largest capitulation wick on record, marking another major moment in its trading history.

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