The "distribution" phase of XRP does not affect the price target of $20

XRP is going through a phase described as "distribution", but many analysts believe that this does not necessarily affect the long-term price target of $20. Although XRP's price has dropped 22% from the peak of $3.66 on July 18, technical signals and market sentiment indicate potential for a stronger rally in the future.

Data shows that some "whales" (holders of large amounts of XRP) continue to accumulate, indicating confidence in growth potential. While there are signs of profit-taking from some whale groups, this may just be short-term selling pressure.

The possibility that the Federal Reserve (Fed) may cut interest rates in September is expected to support the market's risk appetite, benefiting assets like XRP.

The "distribution" phase of XRP may be a natural part of the market cycle, and with fundamental and technical factors still showing growth potential, the long-term price target may still be achievable. However, investors need to closely monitor market developments and manage risks carefully.