On-chain data pointed to whale distribution that erased a multi-day rally, pushing XRP below a closely watched support level before buyers emerged above $1.17.
XRP fell 4% after on-chain data indicated whale distribution, including a cited sale of 30 million XRP that reversed a multi-day rally and pushed the token below a closely watched support level. The decline did not turn into a steeper selloff, however, as buyers stepped in above $1.17, suggesting lower-level demand helped stabilize near-term trading even as momentum weakened.