XRP Faces Potential Price Pressure as Large Holders Resume Offloading Amid Negative Whale Inflows

Key Points

1. XRP is trading at $3.08, showing a 4.7% increase in the past 24 hours but a negative performance over the past week after dropping from its July peak of $3.6.

2. The daily chart indicates XRP is holding above key moving averages but remains in a short-term range between $2.95 and $3.10 without a decisive breakout.

3. A CryptoQuant analyst noted a sharp drop in the 90-day average whale inflow for XRP, which has turned negative, a trend that preceded a local price top earlier this year.

4. Analyst Ali Martinez cautioned that over 720 million XRP could face renewed distribution pressure if whale inflows do not recover.

5. Without a recovery in inflows, XRP may continue to face challenges in maintaining its price stability.