XRP Bulls Pin Hopes on Defending $1.10 Amid Whale Selling Pressure

XRP has faced significant pressure in recent days, with sellers pushing the token below the $1.15 support level to around $1.12 on June 19.

Whale selling and weaker active addresses have added to the bearish case, according to crypto analyst Ali Martinez, who noted that more than 30 million XRP had been distributed by whales in the past five days.

The drop in network activity is also a concern, with active addresses falling from around 50,000 to nearly 25,000 over two weeks, Martinez said.

Despite this, ETF inflows remain a bright spot for XRP, with $2.55 million in daily net inflows recorded on June 18, according to SoSoValue data.