XRP experienced sharp fluctuations over the past two weeks, dropping below $2 and then reaching as high as $2.8.The bounce back in the crypto market was influenced by Donald Trump hinting about a crypto reserve in the US.However, on-chain data indicates that XRP whales have been selling off the token heavily after the Trump-fueled rally.The distribution phase is observed as early investors cash out, and exchange data shows a concurrent jump in XRP supply on trading platforms.