According to analyst Ali Martinez yesterday, ripple whales sold a total of 1.12 billion XRP between March 28 and 30. Of course, these whales still have about 8.88 billion XRP.
Sales by large investors are usually a strong bearish signal, as strong similar sales in the past have indicated the onset of a wave of profit withdrawals or fundamental changes in market sentiment. This time, the timing of these sales could have a bigger impact on Ripple's price, as 1 billion XRP will be released tomorrow.

Since the beginning of the year, Ripple has sold more than 900 million XRP worth 2.1 billion in three phases. If this trend continues along with whale sales, there will be more sales pressure on XRP.

According to market data, Ripple has fallen more than 14 percent over the past week to the 2.1 range. This price drop has been accompanied by high trading volumes, which indicates strong sales pressure. In the last two days, Ripple's market value has also fallen by 7 billion.

Analysts are optimistic about Ripple in the long term, but in the short term, the price doesn't have a clear direction. On the other hand, if the U.S. Securities and Exchange Commission (SEC) lifts the cap on Ripple's sales to institutional investors, market sentiment may improve.
In the current climate, XRP looks set to fall below 2, unless there is a dramatic change in overall market trends.