Ripple's native token XRP is expected to experience a price decline as large holders, known as whales, dump millions of XRP tokens. As of September 12, 2024, the transaction tracker Whale Alert reported that Ripple whales had offloaded 39.32 million XRP tokens, worth $21.13 million.
This massive sell-off has caused the price to retest the breakdown level of $0.545, raising concerns about a potential price crash. Investors are closely monitoring the situation to gauge the market's direction.
