$XRP

$500M Whale Exit Puts Pressure on XRP Price Stability

Ripple is trying to form a new all-time high (ATH), but price action remains volatile. The altcoin has repeatedly tested the $2.95 support level, struggling to maintain upward momentum.

Whale selling has contributed to the uncertainty, but long-term holders (LTHs) are playing a key role in preventing a sharp decline.

XRP Whales Move to Sell

Whale accounts holding between 10 million and 100 million XRP sold around 160 million tokens in a single day this week. The total value of these transactions amounted to nearly $500 million, highlighting the growing concern among large whales about Ripple’s inability to sustain the rally. The lack of upward momentum has led some whales to take profits rather than hold their positions.$XRP