XRP whales move 50 million tokens to exchanges, risk of fall to $0.98

Large XRP holders have begun liquidating significant amounts of their assets, intensifying concerns about the cryptocurrency’s stability amid a broad market correction. These movements have led analysts to warn of growing downside risks for XRP if current trends persist. Ali Martinez, a prominent cryptocurrency market analyst, has highlighted recent data from Santiment, a blockchain analytics platform. According to these metrics, the number of wallets holding between 10 million and 100 million XRP has dropped from 351 to 339 within recent weeks, indicating that twelve of the largest holders have reduced their exposure. This simultaneous reduction in large wallets removes a significant layer of market support that previously helped cushion XRP from volatility. The decrease suggests institutional or high-net-worth investors are withdrawing, potentially accelerating any downward move in the token’s price.

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