Ripple’s XRP has been consolidating between $2.80 and $3.10 since peaking at $3.5 two weeks ago, but market sentiment has taken a bearish turn as whales offloaded large amounts of tokens. On August 26, whale-to-exchange transactions surged to a three-week high before tapering off, with data showing a 40 million drop in whale holdings over a 90-day moving average.