XRP's recent price drop of 40% has shaken investor confidence, but on-chain data suggests that big holders are not concerned. Despite the sell-off, XRP's payment volume, number of active accounts, and burned fees remain stable, indicating that whales are not rushing to sell. XRP is currently trading at $2.00, with the $2.00 level serving as crucial support. If it breaks, the next support levels to watch are $1.60 and $1.20. To restore bullish momentum, XRP needs to recover $2.61. While the recent decline raises concerns, consistent network usage and active accounts suggest that significant transactions and XRP owners remain steadfast. The burned XRP as fees also remains at normal levels, signaling that panic-selling is not occurring on a large scale. However, if buying pressure does not pick up and the $2.00 support is lost, XRP may face further decline.



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