XRP has been stuck in a price range, facing resistance at $0.55 and finding support at $0.51. This has led to large investors reducing their holdings, with XRP whales selling 700 million XRP tokens since October 19. The decrease in whale activity coincides with a decline in the total supply held in profit, signaling a loss of confidence in the token's future performance. If selling pressure increases, XRP's price may dip towards $0.46 or even its July 5 low of $0.38. However, if there is a shift in momentum, XRP could break above the resistance level at $0.55 and reach $0.60.



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