XRP's price has dropped by 6% to $2.46 in the past 24 hours, driven by significant whale activity. On-chain data reveals that large investors have sold 2.23 billion XRP since Friday, leading to a price decline from nearly $2.90. Trading volume also decreased by 17% to $8.54 billion.
Market analysts warn that continued whale selling could push XRP's price below $2.20. Current on-chain indicators are bearish, with the Relative Strength Index (RSI) below 50 and the Moving Average Convergence Divergence (MACD) in negative territory.
XRP Price Falls 6% as Whales Offload 2.23 Billion Tokens
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