XRP's price has recently dropped to its lowest level in nearly 15 months, nearing the crucial $1.00 mark. According to NS3.AI, large whale investors have accumulated over 1.6 billion XRP tokens, valued at more than $2.2 billion, which has supported a potential price rebound. However, long-term holders are showing signs of selling, contributing to increased market uncertainty.
Derivatives data indicates bearish trader positioning and a heightened risk of liquidation if XRP falls below key support levels. Despite this, strong whale buying activity could facilitate a recovery toward the $2.00 level.