XRP Faces Downward Pressure as Whale Activity and Network Participation Decline

XRP is showing signs of potential further correction after falling below the $1.40 support level. On-chain data from Santiment indicates that whales have sold or redistributed approximately 90 million XRP over the past week, contributing to selling pressure. Furthermore, daily active addresses on the network have plummeted by over 90% from the recent rally peak. Analysts note that $1.35 serves as a critical support level, and maintaining this position could allow for a potential rebound toward $1.60.