XRP whales have offloaded approximately 640 million tokens over the past month, amounting to around $1.91 billion. This sell-off has raised concerns about a potential 30% price drop for XRP, which could fall toward $2 if it cannot maintain a support level above $2.65. Analyst insights indicate that the market remains structurally weak, as consistent inflows from whale wallets are necessary for a trend reversal. The current situation reflects an inverse pattern with significant distribution by whales during price rallies and a gradual recovery of whale flows lacking signs of long-term accumulation. The bearish divergence noted between increasing prices and dwindling momentum signals that XRP's price may face challenges, potentially leading to a downward correction toward the 20-week EMA at $2.55 or the 50-week EMA at $2.06. The article emphasizes the importance of observing whale activity as crucial to understanding market dynamics and predicting potential price movements.

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