Will Ripple drop below $2 as 1.12 billion XRP is sold? Learn about the impact of recent sales on Ripple's price and market sentiment.
According to analyst Ali Martinez’s report yesterday, Ripple whales have sold a total of 1.12 billion XRP between March 28 and 30. This massive selling by big investors usually signals a strong bearish trend. This time, the timing of these sales may have a greater impact on Ripple’s price, as 1 billion XRP will be released tomorrow. Ripple has already sold over 900 million XRP worth $2.1 billion in three stages this year. If this trend continues along with the whales’ selling, more selling pressure on XRP is expected. Analysts are optimistic about Ripple in the long term but uncertain in the short term. In the current situation, it seems that XRP will fall below $2 unless a significant change in the overall market trend occurs.
