XRP is trading at 3.10 USD, holding at support of 2.95 USD amidst significant whale sell-offs. Approximately 160 million XRP were sold by whale addresses, illustrating the pressure on price.
Some whales are re-entering the market to purchase XRP, indicating renewed confidence in the asset. Long-term holders are providing much-needed price stability despite recent selling.
If XRP can maintain its support at 2.95 USD, it could rally towards 3.40 USD. However, failure to hold this level may lead to a decline to 2.73 USD, shifting the sentiment to bearish.