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XRP Price Cools Off After Run Towards $3 As Whales Sell At Record Pace: Deeper Pullback Ahead?

  • XRP price surged to nearly $3 after President Trump's mention of a U.S. crypto reserve.
  • However, XRP has since pulled back to $2.31 as XRP whales are reportedly cashing out.
  • On-chain analysts observe a distribution phase, indicating profit-taking near the peak of the rally.
  • The prolonged SEC lawsuit against Ripple adds uncertainty and weakens investor conviction in XRP.

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