XRP whales grabbed 1.08 billion tokens valued at $3 billion, marking the highest holdings since June 2024. Despite this huge accumulation, XRP's price shows no movement, reflecting a bearish market sentiment.
Ripple's positive news, including Chainlink integration and potential XRP ETF, fails to boost the token's price. Market indicators, like the Balance of Power and Chaikin Money Flow, also support the bearish outlook, showing sellers in control.
According to XRP's Fibonacci Retracement, continued bearish pressure could push the price down to $1.88 or lower, unless whale-driven buying forces a rebound to $2.45.
