XRP Breaks Support Level at $2.65 Amid Whale Exit Threatening Market Correction

I am observing that XRP's price is under increasing pressure because large investors, or whales, are starting to withdraw their holdings. The critical level to watch now appears to be $2.65; if XRP's price stays above this point, it could signal a potential recovery. However, if it falls below, it might indicate a more significant correction or downturn in the market. The departure of whales can often lead to heightened volatility and downward price movement, as their sell-offs can trigger broader market reactions. The $2.65 support level acts as a psychological and technical boundary; maintaining above it may attract renewed buying interest, fostering a bullish trend. At this juncture, traders should closely monitor the price action around the $2.65 mark. If XRP can sustain above this level, it could present a strategic entry point for bullish positions. Conversely, a breach below may signal the need to reassess or exit existing holdings to avoid deeper losses.