XRP whales bought more than 16.46 million tokens over five days while the price declined from $1.34 to $1.15, according to analyst Ali Charts. The accumulation came even as XRP traded below key moving averages and the broader chart leaned bearish.
XRP was trading near $1.16, beneath its 50-day and 200-day moving averages. Different chart readings placed those averages around $1.24–$1.31 and $1.31–$1.36, respectively. The immediate support area sits around $1.14–$1.16, and a break below that level could expose $1.06 and $0.98. On the upside, resistance was seen at $1.24, $1.31, and $1.38.
Analyst Celal Kucuker outlined a possible further decline toward the $1.10–$1.05 range before any reversal. He said a break above the descending trendline could open a rally toward $4.15. Separately, analyst Egrag Crypto described the $1.11–$1.07 area as a possible shakeout zone before a recovery. His targets included $1.25, $1.43, $1.63, and $1.80, though he noted that consecutive daily closes below his key line on strong selling volume would force him to reassess.
Network data showed XRP holder numbers continuing to rise, reaching approximately 8.31 million holders, with daily active addresses near 26,700. Momentum indicators remained weak, with RSI near 32 and MACD below its signal line. XRP had lost about 16% over the past month and 7% over the past week, leaving the recovery case dependent on buyers reclaiming overhead resistance levels.
