XRP price made a historic rally after securing a partial win last month, but that bullishness now seems to be going away. The cryptocurrency has lost a significant chunk of the recent gains as whales shifted from HODLing to profit-taking. XRP price is currently trading at $0.619, falling by almost 25% in the span of two weeks after marking 2023 highs of $0.85 in July. Between July 19 and the time of writing, the supply of addresses holding 100,000 XRP to 1 million XRP declined from 6.85 billion XRP to 6.75 billion XRP. This 100 million XRP is worth about $61.8 million and could have been a catalyst in the decline observed recently.
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