XRP whale influence drops as retail interest rises, Ripple CTO denies price manipulation claims

XRP is gaining renewed attention as retail traders increase their activity, reducing the dominance of whale transfers on major exchanges. The XRP 30-day Whale vs. Retail Spread has fallen to 89.3%, the lowest in 2024, though whales still control about 94.6% of Binance outflows. Ripple's CTO Emeritus, David Schwartz, dismissed theories of internal price manipulation or token burns driving long-term gains. XRP is currently trading near $1.39, with technical indicators suggesting a cautious recovery, and a move above $1.40-$1.45 is key for further gains.