XRP Faces Selling Pressure From Whales Amidst Recovery Phase

Ripple’s XRP is experiencing a fluctuating market trend, entering a recovery phase after a recent sell-off. However, massive whale transactions have led to renewed selling pressure, particularly after an on-chain transfer of $62.6 million worth of XRP from an unknown wallet to Binance exchange on October 13th. These large transfers often signal that whales are preparing to sell their holdings, negatively impacting market sentiment and price stability.