XRP Whales Sell $470 Million, Price Drops 20% But Market Remains Stable

In the past 10 days, XRP whales have sold approximately $470 million in tokens, contributing to a drop in price from a record high of $3.65 to $2.90, equivalent to a decline of over 20%. However, trading volume remains stable and retail investors continue to accumulate XRP, indicating that this is more of a market redistribution process rather than panic.

Key support levels are currently around $2.78–$2.60. Analysts maintain a cautious stance, predicting that prices may fluctuate sideways or decline slightly in the short term if they do not surpass the resistance levels of $3.25–$3.30.