XRP Price Faces Potential 30% Drop Amid Fed Rate Hike Fears

XRP's price has been affected by increased net inflows from large holders (whales) into exchanges, suggesting a possible sell-off.

This bearish outlook is influenced by expectations of a Federal Reserve rate hike in September, which typically puts pressure on cryptocurrencies.

Despite a recent bounce off a key support and a possible short-term rally, the overall market sentiment remains extremely fearful, indicating high downside risks.