Ripple’s native cryptocurrency, XRP, has experienced a notable decline in price over the past 24 hours, dropping to $1.99 and losing nearly 1%. This recent dip coincides with significant activity from Ripple whales, who have actively unloaded their holdings recently, prompting concerns among traders. While some speculate on an optimistic rebound spurred by institutional interest like Grayscale and Bitwise, which is preparing for potential XRP-linked ETFs, others are concerned about the selling pressure driven by large investors. The continued dip in XRP’s price has sparked discussions amongst traders, with many questioning its trajectory and anticipating a possible pullback to previous support levels. Key details include: – Ripple whales have unloaded 190 million coins in the past two days – The impact of this selling pressure is weighing down on trader sentiment despite ongoing interest from institutions such as Grayscale and Bitwise, which are preparing for potential XRP ETFs. The recent retreat in price might also be linked to these whale sales. While some analysts remain optimistic about a possible recovery due to the upcoming institutional backing, others warn of potential further declines if the asset fails to hold its support levels. – Ripple’s price has hovered around $2, prompting discussions on its future direction, with many expecting either a potential rebound or a continuation of current bearish trends. 7 – Recent data from CoinGlass indicates a decrease in XRP Futures Open Interest, suggesting reduced risk appetite among traders. The article also highlights the recent Ripple ETF developments and mentions various analysts’ opinions regarding future price movements. – Overall, the market remains closely watching the $2 mark as a crucial support level for XRP.