The XRP price has been under pressure since its mid-July peak, and recent changes signal critical moments for its future.
XRP Price Prospects
Over the past ten days, XRP has shown negative dynamics, dropping more than 20% from the $3.1 level. Following a broader market decline, the asset fell to $2.82, and recovery attempts have not been successful. The price subsequently dropped to $2.76, which marks the lowest level since August 3.
Whales Returning
Large market participants who previously accumulated XRP in July changed their strategy by offloading over 470 million tokens in ten days. However, in the last two weeks, they have resumed accumulating, increasing their holdings by 340 million XRP, valued at over $950 million at current prices.
Key Support Levels
The price at $2.76 is considered critical for XRP's future. Analysts emphasize that holding this level may enable the asset to return to bullish trends. The overall market situation and whale movements can significantly influence the next dynamics.
The current situation around XRP, including whale behavior and key support levels, requires careful analysis, as these factors could impact the token's recovery.
