XRP Bearish Momentum Intensifies as Whales Sell Heavily

XRP has broken below key support levels, confirming a bearish trend following the formation of a head and shoulders pattern. Over 370 million XRP have been sold by whales in just the past 96 hours, further fueling market downward pressure and reinforcing this downtrend. Technical indicators like MACD and DMI highlight strong selling momentum, with XRP struggling to regain lost support levels. 2023 has proven challenging for XRP as it continues to struggle against bearish sentiment.