🔹 Ripple Under Pressure: What After the Sale of 470 Million XRP by Whales?
The cryptocurrency markets have seen significant movement as whales sold large quantities of Ripple (XRP), with approximately 470,000,000 XRP being disposed of in a short period. This large influx of supply into the market has raised concerns among traders about potential selling pressure on the price.
Despite this, some analysts believe that this move could be part of a redistribution of positions or profit-taking after the recent surge, and not necessarily a signal of an imminent collapse. Meanwhile, investors are monitoring key support levels near $2.5, considering it a critical point in maintaining positive momentum.
Should selling pressures continue, XRP may test lower regions, making short-term traders more cautious. On the other hand, if the coin can absorb this large supply and maintain its current levels, it may be viewed as a sign of strength in the medium term.
Ultimately, the upcoming movement of Ripple remains tied to the balance between selling pressures from large holders and the general market enthusiasm for the coin amidst anticipation of any new regulatory or institutional developments.
