Over the past month, large XRP whales have sold around 400 million tokens, valued at $800 million, contributing to increased market distribution pressure. According to NS3.AI, smaller whales have absorbed a significant portion of this supply, which has helped limit bearish momentum. Meanwhile, long-term holders continue to accumulate tokens, reflecting sustained confidence in the asset.
From a technical perspective, XRP has recently broken out of a descending wedge pattern, indicating a potential 11.7% price increase toward $2.10. However, the cryptocurrency remains vulnerable if it falls below critical support levels.
