XRP has recently faced pressure as large holders have been selling off significant amounts. In the span of four days, 370 million coins were sold, leading to a substantial price drop.
Reasons for the Mass Sales
Ripple whales sold 370 million XRP coins over the past 96 hours, resulting in a price drop from $2.50 to $2.10. This has raised fears of further declines if selling continues.
Significance for the Market
Large-scale sell-offs by whales often signal a loss of confidence in the token. The broader market is also struggling with volatility due to macroeconomic factors and upcoming U.S. tariffs, adding to XRP's uncertain future.
Current Market Trends and Legal Delays
The crypto market faces setbacks, and the delayed resolution of Ripple’s SEC lawsuit has dampened short-term excitement. Legal experts predict further delays, which affects investor sentiment.
XRP’s recent price movement and whale activity have raised significant concerns. While there may be brief price recoveries, ongoing sell-offs and market volatility point to a more cautious outlook for XRP’s short-term future.
