XRP Price Under Selling Pressure
XRP price is currently experiencing selling pressure from large investors, known as whales. Over the past 48 hours, these large addresses have reduced their holdings by more than 230 million XRP.
This significant sell-off follows a statement from former President Donald Trump, indicating that the US government will not purchase any coins that will be included in the digital assets stockpile. As a result, market sentiment towards Ripple is changing, leading to concerns about a potential XRP price crash below $2.
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