$XRP
WARNING! $XRP Whales Offload $1.9B as
30% PRICE CRASH Risk Rises!
Heads up, $XRP fam! XRP whales have been
quietly offloading about 640 million tokens
over the past month, a staggering sum worth
over $1.91 billion. This is the second time in
the last year that whales have distributed
their holdings during a price rally!
Onchain data from CryptoQuant shows that
this distribution happened while #XRP traded
between $2.28 and $3.54, with most of the
sell pressure likely absorbed by retail
demand. This is a potential red flag, as this
kind of whale behavior has historically been
followed by a period of market weakness.
Analysts are sounding the alarm, warning that
XRP's price must hold above the $2.65
support area, or we could see a crash
towards $2.00. This is a critical time for XRP,
and we need to see consistent whale
accumulation to get the bullish momentum
back on track. #AltcoinSeason
