Whale investors have offloaded 440 million XRP tokens in the past month, according to data from Ali. This significant sell-off has heightened concerns about market sentiment and the stability of XRP's price, which is currently hovering near key support levels.
Technical indicators reflect bearish pressure, with the Relative Strength Index (RSI) at 41.44 and XRP trading around $2.79. Analysts warn that without an increase in buying volume, XRP could experience further declines.
Whales Offload 440 Million XRP, Sparking Market Concerns
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