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Whale wallets move 60M XRP amid price uncertainty near $1.08, signaling repositioning not sell-off.

Technical Signals
06 Jun 2026
Zycrypto
View Source
Neutral
pluang ai news

Around 60 million XRP tokens were moved by large holders (whales) in the past week, indicating asset repositioning rather than outright selling. XRP is trading near $1.08, a key level that may trigger liquidity shifts, with analysts expecting a possible dip toward $1.00 to clear over-leveraged positions before any price rally. Technically, XRP has broken a bearish trendline but needs to confirm support with higher lows. Regulatory clarity from the upcoming CLARITY Act could impact XRP's long-term value, while recent spikes in market fear suggest potential short-term lows near $1.00. The market will watch closely for buyer strength at that level.

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