Ripple’s XRP Experiences a Dip Amidst Uncertainty and Whale Accumulation

XRP has experienced a significant decline in value over the past 24 hours, falling by as much as 15% following recent pronouncements from former President Trump regarding trade agreements. This market drop has pushed XRP below key support levels, raising concerns about further price drops and increasing selling pressure. However, despite this downturn, a growing trend of large wallets accumulating XRP has emerged. Simultaneously, network activity around the XRP blockchain is steadily rising, indicating increased user engagement. The situation presents both challenges and opportunities for Ripple’s XRP as it navigates market volatility.