XRP Faces Potential Correction Amid Whale Selling Pressure

XRP's price has experienced a nearly 10% decline recently, driven by significant selling activity from large whale holders. According to NS3.AI, this selling pressure persists despite efforts from long-term investors to absorb the excess supply. Technical analysis indicates a bearish rising wedge pattern, suggesting a possible 26% correction if the support level near $1.26 fails to hold. The future direction of XRP's price is contingent on whether holders can effectively counteract the whale selling or if a breakdown below critical support levels pushes XRP toward $1.