In the past few days, XRP has experienced a significant decline, dropping over 23% since Tuesday. This substantial pullback reflects the turmoil in the broader market, exacerbating the negative sentiment surrounding XRP. However, beneath this bearish price action, noteworthy developments are occurring.



Key on-chain data from Santiment shows that whales are taking advantage of this dip. In just the past 24 hours, these large holders have accumulated an additional 110 million XRP, indicating strong confidence in the long-term prospects of the asset. Historically, whale activity during negative sentiment often signals strategic positioning for future gains.

This accumulation trend indicates that whales are not deterred by short-term price fluctuations but are focused on XRP's potential in the coming months. As retail investors become increasingly cautious during recent declines, the actions of these large holders highlight a different perspective.

Although the short-term outlook for XRP remains unclear, the significant performance of whale activity is a long-term bullish indicator. Whether this indicates that XRP has hit bottom or is simply preparing for a broader recovery remains to be seen, but it is evident that large participants are looking beyond the current market turmoil.

XRP maintains key levels

XRP's current price is 28% lower than its multi-year high of $2.90, but it has successfully maintained above the critical support level of $1.90. This area is seen as the last line of defense for the bulls and has shown resilience amid recent market volatility. Staying above this level is crucial for maintaining the bullish structure that has characterized XRP's recent price action.

Cryptocurrency analyst Ali Martinez shared the key metrics from Santiment that further enhance the optimism, as these indicators show that XRP whales are actively accumulating during the pullback. In the past 24 hours, these large holders have purchased an additional 110 million XRP, highlighting their confidence in the long-term potential of the asset. Historically, whale activity during price declines often indicates preparation for a recovery.





The next step for XRP to regain momentum is to break through the key supply levels that previously hindered its rise. Breaking through these areas could trigger a quick rebound, bringing XRP closer to its multi-year high.



The strong support at $1.90 and the continued accumulation by whales suggest an optimistic outlook for the coming weeks. However, maintaining the current levels and overcoming resistance is crucial for XRP to leverage this potential and reignite its bullish trajectory.

Notable technical levels

XRP is trading at $2.06, reflecting a loss of momentum after failing to reclaim the critical $2.60 level. This inability to push higher has left the market filled with uncertainty, with XRP holding above the key $1.90 low. Currently, these levels suggest that the asset may enter a prolonged range, fluctuating between $1.90 and $2.60 in the coming days.






However, market sentiment remains fragile, and if the overall sentiment does not improve, this hesitancy may lean towards a bearish outlook. With XRP trading slightly above the psychologically important $2 mark, a continued lack of bullish momentum could lead to substantial sell-offs. If bears dominate, the lack of strong support below $2 may pave the way for deeper pullbacks, eroding recent gains.



For XRP to break free from this phase of indecision, it must clearly reclaim the $2.60 level to restore bullish confidence. Until then, traders and investors may remain cautious, closely monitoring price movements and sentiment changes to gauge the next directional trend. Without a decisive breakout, the price may face increasing pressure, and if the support level at $1.90 is breached, a more significant decline could occur.

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