XRP Plunges Below Critical Support Levels Amid Whale Selling Pressure

XRP has fallen below crucial support levels at $2.00 and $1.90, turning both into resistance zones due to declining network activity and continued selling by large investors.

According to analyst Ali Martinez, the token faces a potential 55% decline based on current market conditions.

The number of active addresses on the XRP network has decreased from 46,000 to under 39,000 in recent days, coinciding with the holiday season when investor participation typically decreases.

Whale investors have sold over 40 million XRP in the past few days, continuing a two-month selling trend that started in November when spot XRP exchange-traded funds launched in the U.S.