Ripple's XRP price faces a critical crossroads as large holders, known as whales, offload millions of XRP tokens. This activity comes just days before Ripple is set to settle with the SEC for $125 million.
The broader cryptocurrency market has been experiencing a downward trend for nearly a month, exacerbating concerns within the crypto community.
As the bear market continues, the movements of XRP whales have added additional pressure and raised questions about Ripple's future post-settlement.