Over the last three weeks, whale transactions above 1,000,000 USD have increased, suggesting possible accumulation or redistribution of XRP. This trend has sparked renewed market speculation about Ripple’s long-term sales strategy.
Ripple’s CTO, David Schwartz, defends the sales strategy against inflation concerns, claiming it doesn’t affect XRP’s stability. Currently, XRP is trading at 2.33 USD, under pressure, with critical support identified at 2.30 USD.