Core Insights - XRP is facing significant selling pressure following a market crash, with investors offloading assets at unprecedented levels, leading to a bearish sentiment [1][2][3] - The recent sell-off by large holders, or whales, has contributed to a decline in XRP's price, with over 2.24 billion tokens sold, valued at more than $5.4 billion since October 10 [4][5] - Current trading price of XRP is $2.44, with potential downward movement to $2.35 or $2.27 if bearish momentum continues [6][7] Selling Pressure - XRP investors are engaging in panic selling, resulting in the highest recorded selling volume since December 2022 [2] - The outflow of tokens from wallets to exchanges indicates a prevailing fear among investors regarding further losses [3] Whale Activity - Addresses holding between 100 million and 1 billion XRP have been major contributors to the recent price decline, signaling skepticism about XRP's near-term performance [4][5] - The large-scale liquidation by institutional and high-value investors reflects a lack of confidence in XRP's ability to recover [5] Price Analysis - XRP needs to recover to $2.85 to reclaim recent losses, but sustained selling activity could hinder this process [7] - If selling pressure eases, a rebound could occur, with potential upward movement above $2.54 and $2.64 leading to $2.75 [8]