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XRP price rises 15% to $2.24, but whale sell-off raises downside risk

  • XRP has seen a 15% price increase to $2.24, driven by short-term recovery, but concerns arise as large holders sell off positions.
  • Whales offloaded over 600 million XRP in one day, indicating uncertainty among large investors about XRP's future growth potential.
  • Long-term holders have increased selling activity, reaching a seven-month high, potentially signaling decreased confidence in XRP's trajectory.
  • XRP faces strong resistance at $2.27, with the next move likely towards support at $2.13, depending on whether it can break through this barrier.

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