Approximately 1.1 billion XRP were transferred out of whale accounts this week, with whale holdings decreasing from 8.8 billion to 7.66 billion, with the most significant drop on April 21. On-chain data is not yet sufficient to confirm whether this is a sell-off or dispersed transfers, but the timing is unfavorable. The price is at $1.37, not breaking through the $1.4 resistance, and short-term volatility may be amplified. If the monthly candle closes bullish and whale positions stop decreasing, it could be seen as a sign that the long-term downtrend is slowing; conversely, downward pressure still exists.