XRP's price is struggling to reclaim the $1.35 level, currently trading around $1.31 within a falling channel. This inability to break resistance is compounded by significant selling pressure from major whale cohorts and long-term holders, who reduced their holdings over the weekend. The key data point is the failure to hold $1.35, indicating weak buyer conviction. To reverse this trend, a strong influx of buying volume is needed to overcome current selling and establish a new support level, otherwise, further downside is likely.
XRP's price action reflects broader altcoin sentiment, where a lack of institutional demand and sustained retail interest can lead to underperformance. Its failure to reclaim key levels, despite its size, signals a cautious market for non-Bitcoin/Ethereum assets, impacting portfolio allocations.
This story reveals a market structure where large holders dictate price action, and retail buyers are insufficient to absorb selling pressure. It implies that without strong fundamental catalysts or renewed institutional interest, XRP and similar altcoins face continued headwinds, pushing capital towards stronger assets.
XRP (XRP) price is stuck near $1.31 inside a falling channel, unable to reclaim a single level that has capped key recovery attempts. Beneath the surface, the two largest whale cohorts and long-term holders all cut their stash this weekend, leaving the token’s next move resting on whether buyers can