The recent rally in XRP came to an abrupt halt following South Korea’s unexpected declaration of martial law. The move, aimed at addressing escalating political unrest, injected uncertainty into global markets, triggering a wave of caution among investors. As a result, the cryptocurrency, which had seen steady gains in recent weeks, faced significant selling pressure.
Despite the turbulence, whale investors—large holders of XRP—have shown resilience, opting to hold rather than offload their positions during the market dip. Analysts suggest that this holding pattern reflects confidence in XRP’s long-term value, even as geopolitical factors weigh on short-term performance. However, the broader market remains on edge, with cryptocurrencies broadly experiencing increased volatility.
The situation underscores the sensitivity of digital assets to global events, and XRP could see further challenges as the South Korean crisis unfolds.
