Why the Ripple (XRP) price stumbles by 8 % per day?

TL: Dr;

• The entire encryption market turned red on Sunday morning, but some altcoins were hit with more power than others.
• The decrease in the price of XRP came just hours after a warning from a famous analyst that the whales began selling their property.

The third largest encrypted currency failed to go to an unknown area a few weeks ago, and it was stopped by 1 % from its highest level ever at $ 3.4 (COONINGKO data). Since then, the original has failed to resume his gathering and actually slipped to $ 2.8 during the correction of the Monday.

However, the tables were turned during the work week by restoring a desired $ 3 line. Moreover, she jumped to the highest weekly level of $ 3.15 on Friday, but his progress stopped at that point.

The value gradually began to lose the value during the weekend, but it fell strongly over the past 12 hours or so along with Bitcoin and the rest of Alts. Its price decreased to the lowest level in 6 days at $ 2.82, thus decreased by more than 8 % on a daily scale from top to bottom.

Although some land regained nearly $ 2.9 now, XRP is still more than 5 % a day. This correction of the unique symbol across the border not only comes with the rest of the market but also after the opposite of the strategic whales.

These participants in the large market were among the largest XRP fans since the elections by accumulating billions of dollars in assets within months. Now, though, Ali Martinez showed that they changed their melody and actually emptied XRP with a value of $ 70 million in a few days.

Whales are particularly important to the total market movements because they have the ability to transfer them through large purchases or sales.

Whales have been discharged more than 70 million $ Xrp In the past 96 hours! pic.twitter.com/qee5f4ujt

Ali (ali_charts) February 1, 2025