XRP Whale Activity Spikes as Price Struggles at $1

XRP is currently hovering around the $1 mark, struggling to break through to higher levels. While the price remains flat, the activity behind the scenes tells a different story. Large transactions worth over one million dollars have jumped by 280 percent in the last 24 hours.

This spike in whale movement is paired with a rise in derivatives open interest, which has hit a two month high. Traders are betting heavily on where the asset will head next, leading to increased volatility and market interest. When whales shift this much capital, it usually signals that a major move is brewing.

Market participants are watching closely to see if this pressure helps XRP push past its current resistance or leads to a quick pullback. With leveraged positions increasing, the next few days will be critical for determining the immediate trend for the token.