XRP Price Dives as Whale Accumulation Rises

XRP's price continued to decline on Thursday, reaching $2.30 after a 4% drop in the past 24 hours and a 12% fall from its recent high.

Despite this technical weakness, large holders or 'whales' have been increasing their exposure to XRP, with data showing a nearly 2% rise in addresses holding between 1 million and 10 million tokens over the past week.

This divergence between price action and whale behavior highlights the current uncertainty in the market, where traders are weighing short-term bearish signals against long-term accumulation by significant investors.

The next major support level for XRP is around $2.20, with a psychological level at $2.00, and analysts warn that a break below this could lead to further losses.