XRP whales have offloaded a significant amount of tokens, moving around 114 million XRP to centralized exchanges in anticipation of Ripple’s upcoming $125 million settlement with the SEC. This large transfer, tracked by Whale Alert, included 54.34 million XRP moved to Bitstamp and Bitso and another 60 million XRP sent to Binance. These actions have increased selling pressure, causing XRP's price to drop.

With just 9 days remaining for Ripple to pay the settlement, these whale transactions have heightened market attention. As of now, XRP is trading at $0.5487, down 4.22% in the last 24 hours, reflecting the broader market downturn and the large-scale sell-off.

Despite the current dip, long-term forecasts for XRP remain positive. Analysts predict a bullish future for the coin, with some expecting a rise to $27 if it breaks through key resistance levels. Market participants are closely monitoring XRP for potential price movements in the coming days.