XRP Correction Looms: Whale Activity Signals Caution Despite Market Buoyancy

Recent exchange inflow data suggests a potential shift in XRP market sentiment. While the token has seen a surge following its recent price peak, analysts are observing a pattern that mirrors past corrections. According to on-chain expert PelinayPA, large transfers of XRP to exchanges from whales have increased significantly, signaling possible profit-taking. This follows a familiar trend observed in 2018, 2021, and 2023. This pattern, however, is concerning given the price’s stagnation and the high exchange inflow volumes.