The price of XRP has fallen between 3% and 5% recently, trading near USD 3.15 after reaching a peak close to USD 3.60. The correction was driven by massive sales from 'whales', including transfers of more than USD 140–175 million from the wallet of Ripple co-founder Chris Larsen. It is also attributed to a general liquidation in the crypto market due to institutional pressure. Despite this, open interest in futures has decreased, and analysts consider the movement as a technical correction within a broader bullish trend.

Whale accumulation continues to be strong: more than 2,743 wallets already hold 1 million XRP or more (≈ 4.4% of the total supply), which has helped to boost the price previously.