XRP is under scrutiny as accusations of market manipulation by large holders surface, following unusual whale activity that caused significant liquidity shifts on major exchanges. On-chain analysts suggest that these whales are strategically moving billions of XRP tokens to influence price action and exploit weak liquidity zones. As XRP tests the $1.45 resistance level, data indicates this may be a deliberate liquidity zone engineered by large holders, with a 1.16 billion XRP token supply overhang at its core. In addition to these market dynamics, institutional interest in XRP is growing. Goldman Sachs has disclosed a $153.8 million position in spot XRP ETFs, signaling the start of an institutional era for the ledger. Meanwhile, exchange flow data reveals over $115 million worth of XRP was withdrawn from exchanges in 24 hours, suggesting large holders are moving assets into private wallets. The XRP Ledger is also seeing rapid growth in tokenized assets and stablecoin adoption, with significant developments like the execution of a near real-time cross-border redemption of tokenized US Treasuries by Ondo Finance, JPMorgan Kinexys, Mastercard, and Ripple.