🔥 $XRP on the Move: Whales Making Waves! 🔥

719 Million $XRP Sold in 24 Hours (≈ $2.3 B) — Here’s What’s Happening:

🐳 Whale Sell-Off or Smart Move?

• Huge inflows to CEXs suggest profit-taking.

• Over $41 M in long positions liquidated in the past day.

• $XRP dipped briefly below $3.00, sparking panic before rebounding.

📈 But Some Are Buying the Dip

• Wallets holding 1 M–100 M XRP added +310 M XRP since July 27.

• Clearly, some big players see value at lower prices.

⚡ Key Levels to Watch

• Support: $2.90–$3.00 — the make-or-break zone for a bounce.

• Resistance: $3.32 — a break above could target $3.65 (this year’s high).

• Danger Zone: Breakdown below $2.65 could trigger more selling.

⚖️ Regulatory Overhang

• The 2023 Torres ruling favored XRP, but the SEC’s ongoing silence keeps uncertainty alive.

• That uncertainty is likely fueling both exits and cautious accumulation.

🚀 My Take:

The market’s at a crossroads—some whales are taking profits, while others are loading up on dips. Expect high volatility, but don’t sleep on the conviction of long-term holders. Keep an eye on the charts and wallet movements—this story is far from over.

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#XRP #CryptoWhales #Ripple #DipBuyers #Volatility #Web3Insights