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XRP whale transactions drop 57% amid market caution and slowing network activity

Technical Signals
23 May 2026
UToday
View Source
Bearish
pluang ai news

XRP has seen a 57% decline in large whale transactions, with the number of transactions over $1 million dropping from 157 to 67 in nine days. This slowdown reflects cautious behavior from major holders amid a bearish crypto market and weakening network activity. Analysts suggest this could lead to a period of price consolidation before a potential breakout, as lower whale activity may allow retail traders to dominate short-term market moves. Despite recent price drops, the situation is not seen as alarming but rather a phase of organic order book strengthening.

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