XRP ‘distribution’ hits record level as the altcoin trades below $3
XRP retraced most of its recent “Trump pump” and data shows whales selling their positions.
On March 2, XRP registered a massive rally of 34.15%. The price pump came after US President Donald Trump’s announcement that XRP (XRP) would be included in a US strategic crypto reserve alongside Solana (SOL) and Cardano (ADA).
XRP 1-day chart. Source: Cointelegraph/TradingView
However, the altcoin retraced 50% of its rally on March 3, and one analyst highlighted that XRP whales are potentially making a move behind the scenes.
