XRP Price Tests Support as Whale Transactions Drop 57%: What Comes Next?

Key Insights:

• XRP whale transactions fell from 157 to 67 in nine days, marking a 57.3% decline in large network activity.
• XRP trades near the $1.30 support area as analysts track a wedge structure and short-term weakness.
• EGRAG Crypto lists $1.11 as critical support and $3.00 as bullish confirmation for XRP’s broader setup.

XRP remained near a critical support region this week after broader crypto weakness pushed the token back toward the $1.30 area.

At the same time, on-chain data showed a sharp decline in whale activity, while analysts continued monitoring a wider compression structure that may determine XRP’s next major move.

XRP Price Holds Key $1.30 Support Zone

XRP traded near $1.30 after losing momentum around the $1.50 region earlier this month.

Analyst ChartNerd described the current range as an important short-term support area following the latest pullback from local highs.

XRPUSD Chart | Source: X

Recent market data also places XRP price near $1.32 after a daily decline of about 2.5%. That drop brings the token back into a support cluster between $1.30 and $1.36, which traders have watched since April. Resistance remains near $1.38, with stronger pressure around $1.41 and $1.50.

For now, XRP crypto needs to defend $1.30 before bulls can rebuild momentum. A move above $1.41 would give buyers a stronger short-term signal. However, a break under $1.30 could shift attention toward $1.20 and weaken the current recovery setup.

XRP Whale Transactions Drop 57% in Nine Days

On-chain activity shows that XRP whale transactions have slowed sharply. According to the shared Santiment-based chart, large XRP transactions worth more than $1 million fell from 157 to 67 in the last nine days. That marks a 57.3% decline.

XRP Whale Transactions | Source: X

Such a drop shows that major players have reduced activity during the current price range. The market often sees lower volatility when large holders step back. This can allow price to compress before a larger move forms.

However, lower whale activity does not confirm a bullish or bearish direction on its own. It only shows that the volume of large transactions has thinned. Traders still need price confirmation from support and resistance levels.

At the same time, Binance flow data adds another layer to the setup. XRP withdrawal transactions accounted for 53% of seven-day transaction volume, the highest level since April 10. Whale outflows above one million XRP also accounted for 57.6% of total Binance outflows.

XRP Broadening Wedge Keeps Traders Alert

EGRAG Crypto said XRP’s current structure resembles a descending broadening wedge. His chart places $1.11 as critical support, while $3.00 acts as bullish confirmation. He also noted $7 to $11 as expansion targets if XRP confirms a stronger breakout.

The analyst warned that XRP crypto may still face more chop, emotional exhaustion, and one final volatility event before a larger move. His view separates the short-term weakness from the broader structure, which he says remains bullish unless price loses key support.

XRP 1-Month Chart | Source: X

The chart also shows an extreme flush scenario near $0.32. That level represents a deeper downside case, not the current base scenario. Still, the mention shows how wide the technical structure remains.

A weekly or monthly reclaim above $2.65 to $3.00 would change the broader setup. Until then, XRP price prediction remains inside a compression phase where traders track liquidity, support, and resistance. Price needs a clear retrace before the market can confirm a stronger trend.

What Comes Next for XRP Price?

XRP price now faces three clear paths. In the bullish case, price holds $1.30, Binance withdrawals reduce sell-side pressure, and XRP reclaims $1.41. That move could reopen the path toward $1.50 and then $1.55.

In the base case, XRP continues to move between $1.31 and $1.41. Whale activity stays muted, and traders wait for a stronger signal. This scenario would support the compression view without confirming a breakout.

In the bearish case, XRP loses $1.30 and turns that level into resistance. Such a move could send price toward $1.20, with $1.11 acting as the next major support from EGRAG’s chart.

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