XRP drops 26% as whales sell 130M tokens. Bearish signals intensify—will XRP recover or continue its decline?
The cryptocurrency market remained volatile, with XRP experiencing a sharp 26.14% decline in the last 24 hours.The cryptocurrency market remains volatile, withThis drop aligns with significant whale activity, where over 130 million XRP were offloaded, intensifying selling pressure.
Normally, large-scale sell-offs often trigger a cascading effect, where smaller traders panic and sell to minimize losses, exacerbating price drops.According to CryptoQuant, XRP’s DEX buy-sell ratio over the past 16 hours has remained low, signaling widespread selling pressure. Fewer active addresses suggest lower liquidity, meaning price movements could become more volatile due to decreased transaction volume.However, if this trend reverses and active addresses rise, it could signal renewed investor interest and potential price stabilization
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