XRP Drops 6% as Whales Offload 460M Tokens Ahead of Powell’s Speech, Price Eyes $2.78 Support

The value of XRP has experienced a significant decline of 6% as large-scale investors, often referred to as "whales," have decided to sell off a substantial amount of their holdings, amounting to 460 million tokens. This selling activity comes just before a highly anticipated speech by Federal Reserve Chair Jerome Powell, which is expected to have a notable impact on market sentiment. As a result of this sell-off, the price of XRP is now approaching an important support level at $2.78, a threshold that traders will closely monitor for potential price stabilization or further declines. source: https://blocknews.com/xrp-drops-6-as-whales-offload-460m-tokens-ahead-of-powells-speech-price-eyes-2-78-support/