Ripple's native cryptocurrency, XRP, continues to experience significant selling pressure, leading to a bearish trend in the market. Despite its struggles, XRP whales are strategically accumulating more tokens, indicating a calculated approach to the current situation.

The data from Whale Alert, a leading crypto exchange tracker, reveals a substantial outflow of XRP from Binance in the past 24 hours. Approximately 25.23 million XRP, valued at around $13.16 million, was transferred to an undisclosed address, stirring curiosity within the community.

While the decline in XRP's price persists, recent statistics show a 16% drop year-to-date and a 15% decrease in the last 90 days. In contrast, Bitcoin (BTC) and Ethereum (ETH) have witnessed price surges of 9% and 21% respectively during the same period.

Currently trading at an average price of $0.52, XRP has plummeted by over 86% from its all-time high of $3.84 achieved on January 4, 2018. Despite facing legal challenges from the US Securities and Exchange Commission (SEC), XRP maintains a market cap of $29 billion.

Amidst these developments, a notable withdrawal of XRP aligns with a crucial moment for its price. With support found around $0.51 after a recent dip, investors speculate on whether this withdrawal hints at an imminent price surge or signals a further downtrend.

Adding complexity to the situation, Ripple, the entity behind XRP, carried out significant XRP transactions recently. Whale Alert flagged eight large transfers totaling 3 billion XRP, equivalent to approximately 5.4% of the circulating supply, valued at $1.5 billion.