XRP price finds support at $3 even as whales note a sell-off of $1.2 billion

XRP has experienced significant volatility in recent days, reflecting uncertain investor sentiment. Despite the large price fluctuations, XRP remains stable around $3.00, primarily due to mixed actions from investors.

The decisions of whales to sell a large amount of XRP affect price movement.

The selling pressure from whales is evident, as large holders are reducing their positions. Over the past week, addresses holding between 10 million and 100 million XRP sold about 400 million XRP, worth over $1.2 billion.

This move has contributed to uncertain price movements, pushing the market into a period of volatility.