In recent days, XRP has experienced a significant drop, falling over 23% since Tuesday. This decline reflects overall market turmoil and has intensified negative sentiment around XRP. However, despite the short-term price outlook seeming bleak, some noteworthy changes are occurring.
According to Santiment's on-chain data, whales are taking advantage of this downturn to accumulate. In the past 24 hours, these large holders have added 110 million XRP, indicating their confidence in XRP's long-term prospects. Historically, such behavior from whales during periods of low market sentiment often signals that they are positioning themselves for future upward movements.
This accumulation trend suggests that whales are not disturbed by short-term price fluctuations, but are instead more focused on XRP's potential in the coming months. While retail investors may become more cautious amid recent declines, the actions of these large holders clearly reflect a different outlook.
Although XRP's short-term outlook remains uncertain, this aggressive buying behavior from whales is typically a bullish signal. As for whether XRP has already bottomed out or is just preparing for a broader recovery, it will take time to verify. However, one thing is clear: the major players in the market are clearly looking further ahead, not just at the current market fluctuations.
XRP maintains critical support levels
Currently, XRP is 28% below its all-time high of $2.90, but it has successfully maintained above the critical support level of $1.90. This price point is seen as the last line of defense for bulls, demonstrating strong resilience amid recent market fluctuations. As long as XRP continues to hold above this level, its bullish structure can remain intact.
Crypto analyst Ali Martinez also shared key indicators from Santiment, showing that during the pullback, XRP whales are still actively buying. This further strengthens market optimism. In the past 24 hours, these large holders have added 110 million XRP, indicating their confidence in XRP's long-term potential. Historically, the actions of whales during price declines often foreshadow their preparations for future recoveries.
For XRP to regain its upward momentum, the next key step is to break through the supply zones that have previously capped its rise. If it can overcome these resistance areas, it may trigger a rapid rebound, bringing it closer to its historical highs.
The strong support at $1.90, coupled with whales' continued accumulation, brings some optimistic signals for the outlook in the coming weeks. However, to truly unlock this potential and restart the bullish trend, XRP must hold its current levels and overcome these resistances.
Technical levels worth noting
Currently, XRP is trading at $2.06, and after failing to break through the key level of $2.60, its upward momentum has weakened. This failure to continue rising has rendered market sentiment somewhat unclear. Fortunately, XRP has still held the critical support level of $1.90, indicating that the asset may enter a range-bound consolidation phase, likely fluctuating between $1.90 and $2.60 in the coming days.
Despite XRP having some support currently, market sentiment remains relatively weak. If the overall sentiment does not improve significantly, the current state of hesitation may lead to a price decline. XRP is trading slightly above the psychological threshold of $2, and if bullish momentum continues to lack in the short term, it may trigger a wave of selling. If bears start to dominate, the lack of strong support below $2 could result in a deeper correction, potentially erasing recent gains.
To break free from the current uncertainty, XRP must first break through and stabilize above $2.60 to reignite bullish confidence. Until then, traders and investors may remain cautious, closely monitoring price movements and market sentiment to gauge the next direction. Without a strong breakthrough, prices may face more downward pressure. If the support at $1.90 is breached, a more pronounced downward trend may occur.
