XRP Whale Selling and Insider Activity May Pressure Critical $3 Support Level Amid Market Uncertainty

Key Points

1. XRP whales have sold around $28 million worth of XRP daily over the past 90 days, increasing circulating supply and exerting downward price pressure.

2. The $3 price point is a critical support level for XRP; if breached, it may trigger further selling and confirm bearish trends.

3. Ripple co-founder Chris Larsen's recent sales add market uncertainty, potentially intensifying volatility and investor doubt (FUD).

4. Weakening on-chain momentum, indicated by declining network engagement and buying interest, suggests cautious short-term prospects for XRP.

5. Investors are advised to monitor whale movements, exchange flows, and key technical levels like the $3 support to navigate current volatility.