XRP Whale Activity Crashes 97%, Price Drops Further Likely

XRP's price could drop further as whale activity on the XRP Ledger has slowed considerably.

The number of XRP transactions valued above $1 million has fallen by 97% in one week, suggesting reduced participation from large investors.

This decline in whale activity aligns with the bearish XRP price momentum. The altcoin slumped over 6% last week and its recent weakness suggests that large investors may be waiting for stronger market confirmation before moving holdings again.

XRP's current price is hovering around $1.08, while immediate horizontal resistance sits near $1.11.

An analyst notes that the coin drops further to a key support area, forms a durable base, then breaks out to higher prices.