Despite a significant increase in whale trading activity, XRP price still faces a new round of selling pressure, currently trading near $2.16. On-chain data shows that transaction volume exceeding USD surged to 2,802 transactions on January 6, reaching a three-month high and diverging from the downward price trend. Analysts believe this indicates that large holders are strategically positioning, with the key support zone between $2.05 and $2.10 drawing close attention to determine whether whales are accumulating or selling off. Falling below $2.00 could signal further price declines.
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Despite a significant increase in whale trading activity, XRP price still faces a new round of selling pressure, currently trading near $2.16. On-chain data shows that transaction volume exceeding USD surged to 2,802 transactions on January 6, reaching a three-month high and diverging from the downward price trend. Analysts believe this indicates that large holders are strategically positioning, with the key support zone between $2.05 and $2.10 drawing close attention to determine whether whales are accumulating or selling off. Falling below $2.00 could signal further price declines.