Ripple Whale Dump Sparks Concern, Price Action Hints at Potential Sell-Off

Recent whale activity suggests a potential sell-off in XRP price. An analysis by analyst Ali Martinez reveals significant reductions in whale holdings over the past two days, with addresses holding between 1 million and 10 million tokens shedding around 500,000 XRP. This follows a drop below key resistance levels for XRP, signaling increasing bearish sentiment. While price has shown brief gains, it remains down significantly this week, hovering near $2.30. The decline coincides with larger exchange inflows of XRP to Binance, further indicating broader selling pressure beyond the initial whale moves.