Is XRP Heading Toward $1? Whale–Holder Fight Decides What’s Next for Price
XRP price is facing pressure as whales sell off supply while long-term holders attempt to absorb it, determining the next price move.Summary
XRP price has recently dropped nearly 10% after being rejected near its high of $1.67, reflecting a battle between selling whales and accumulating long-term holders (HODLers). Technically, XRP has been trading in a bearish rising wedge pattern, confirmed by a hidden bearish divergence on the RSI, suggesting a potential 26% correction if support fails.
On-chain data reveals that XRP whales, holding 10 million to 1 billion XRP, sold approximately 50 million XRP (worth about $75 million) during the recent rally attempt. Conversely, long-term holders increased their positions by 17%, but this buying is significantly weaker than previous accumulation surges, indicating whales currently have the upper hand.
The immediate price prediction hinges on the $1.26 support level, where a large volume of XRP was accumulated. If XRP breaks below $1.26, the rising wedge breakdown could push the price toward the $1.06–$1.16 range, confirming whale control. A recovery above $1.48 or $1.67 is needed to invalidate the bearish structure.
(Source：BeInCrypto)