Ripple’s XRP Faces Potential Downturn as Whales Initiate Sell-Off

The cryptocurrency market is experiencing a volatile period, with Ripple’s XRP facing selling pressure from its largest holders. After reaching multi-year highs, the token is now under scrutiny, raising concerns about a potential price decline. On-chain data shows that wallets holding millions of XRP tokens are initiating sell-offs, often signaling an impending downturn in market sentiment. This wave of whale activity has fueled anxieties among traders as it may suggest the recent rally for XRP might be losing steam.