XRP Faces Pressure as Whales Remain Cautious Amid Legal Challenges
XRP has been under significant downward pressure due to bearish technical indicators and ongoing legal issues.
While recent signs of recovery in the Relative Strength Index (RSI) suggest that selling pressure might be easing, uncertainty remains.
XRP whales, or large holders, have kept their positions largely unchanged, indicating a lack of confidence in a price rebound.
Currently, there are 285 wallets holding between 10 million and 100 million XRP, with little fluctuation over the past week, reflecting a cautious stance among these major investors.
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Crypto Trader Turns $296 into 209,000% Profit in HoursMonitoring whale activity is essential, as these holders can greatly influence market sentiment and price movements.
The steady number of large wallets suggests that key players are not yet convinced that XRP is poised for a significant price surge, making a strong upward trend appear unlikely until they start accumulating more aggressively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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