XRP whales have sold over 500,000 tokens within 48 hours, contributing to increased selling pressure on the cryptocurrency. This activity has coincided with XRP trading around $2.29, as bearish technical indicators persist. Analysts caution that this whale movement could indicate a potential market correction.
Wallets holding between one million and ten million XRP have been actively reducing their positions, reflecting the recent price weakness. Technical analysis shows XRP facing resistance at $2.44, while support at $2.18 is being closely monitored by traders.
XRP Whales Offload 500,000 Tokens, Raising Market Concerns
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