XRP Whales Intervene as Price Approaches Annual Lows

XRP Price Decline: XRP is experiencing a short-term decline, trading near its lowest price levels of the year, reflecting market caution and limited upside momentum.

Whale Trading Activity: Despite the price drop, whale trading remains dominant, with large holders actively participating in the market, indicating a divergence between price trends and trading behavior.

Accumulation Behavior: The current trading patterns suggest that whales are accumulating XRP during this price weakness, which aligns with typical bottoming phases rather than profit-taking.

Market Sentiment Indicators: The shift towards buyer dominance in XRP Spot Taker CVD, combined with sustained whale activity, indicates a potential stabilization in sentiment, although overall price remains subdued.