$XRP The month starts rough for XRP, as market whales unload accumulated assets at record levels. It bears mentioning that large holders have been aggressively selling since last year. Following XRP’s 500% price rally in November, whales have slowed accumulation.

The current pattern suggests that XRP is in a local distribution phase—a core part of the market cycle.

The distribution phase follows the accumulation and markup phases. At this time, sellers and buyers trade sideways, with heightened hope, greed, and fear as market players anticipate a price hike.

While many bullish price indicators are spotted during this phase, the market typically shifts as negative sentiment intensifies.

With the market poised to witness breakouts, consolidations, and pullbacks around this time, the distribution phase could last for weeks or months, after which the markdown phase begins.