XRP’s price dropped below the $3 mark this week, prompting concern from investors and leaving Ripple executives silent during this period of volatility. Increased profit-taking and decreased on-chain activity were identified as key factors behind this decline. Significant sales by whales contributed to a sell-off exceeding $1.35 billion, adding fuel to market instability. XRP’s price continued to fluctuate amidst increased market uncertainty due to the lack of official statements from Ripple leadership regarding potential recovery efforts. 2023 has so far seen significant volatility in the cryptocurrency market and XRP is not immune. The decline highlights the fragility of crypto markets influenced by large-scale trades, profit-taking selling, and a lack of clear direction from Ripple.