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XRP's recent market behavior is somewhat contradictory. On one hand, the price is encountering a new round of selling near $2.16, while on the other hand, whale transactions are unusually active.
According to on-chain data from January 6th, the number of large transactions over USD has surged to 2,802, reaching a three-month high. At first glance, with such intense trading volume from big players, one might think they are making significant moves. But the reality is— the price is actually falling.
What does this divergence indicate? Market observers believe that these whales are making strategic adjustments, possibly accumulating at low levels or quietly offloading. The key is whether they can hold the support zone at $2.05–$2.10.
If the price drops below $2.00, it could be problematic. It would essentially mean that the next downward wave could be even more intense. So, this level is definitely worth watching.