XRP just dropped 13.5% this week — making it one of the worst performers among major cryptos. And here’s why: Ripple co-founder Chris Larsen moved $175M worth of XRP, with $140M sent to exchanges, triggering panic across the market. 📉
📊 Over 93% of XRP holders are in profit, which means many are now cashing out, adding to the selling pressure. After peaking at $3.66, XRP is now hanging around $3.07, dangerously close to the key $3 support.
Data from Glassnode shows XRP could retrace toward $2.80–$2.30, the average entry zone for short-term investors. If $3 breaks, more downside could follow. With Ethereum and BNB gaining attention, XRP's short-term outlook looks shaky unless bulls step in soon. ⚠️
#XRP #Ripple #CryptoNews #Altcoins #WhaleAlert $XRP