XRP, the native token of Ripple Labs, is facing a significant price decline after failing to hold a crucial support level. However, long-term holders and whales are accumulating the asset, taking advantage of the recent price drop. Exchanges have witnessed a significant outflow of XRP, indicating accumulation. Despite the price decline, XRP's trading volume has surged, suggesting increased participation from traders and investors. The recent market sentiment has shifted from bullish to bearish for XRP.



Other News from Today