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$XRP is trading at $1.40, down 0.56% on the day, after sliding 9.17% from a March 16 high of $1.55. The retreat has pushed the token back below the $1.4367 support level.
Mid-tier whales have been accumulating steadily since early March, but that buying has not yet absorbed the selling pressure following the recent peak.
$XRP Losses Fluctuate
Net Unrealized Profit/Loss data from Glassnode shows the $XRP network has spent most of the past seven weeks in negative territory. The metric peaked near 0.22 in late January when the price was above $2. It crashed to -0.19 on February 5 before stabilizing.
From mid-February through March, the reading held between -0.03 and -0.08. A brief recovery to roughly 0.065 appeared around March 16, coinciding with the price run toward $1.55. That recovery has since reversed.
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The current reading sits near -0.03. The majority of $XRP holders are still carrying unrealized losses at today’s prices. A sustained move above $1.51 would be needed to pull the metric back into positive territory.
$XRP Whales’ Buying Continues
Despite the bearish unrealized loss picture, mid-tier whale behavior tells a more constructive story. Wallets holding between 10 million and 100 million $XRP added approximately 500 million coins since early March, pushing total balances from roughly 10.77 billion to 11.09 billion $XRP.
At an average price of around $0.61 during accumulation, that buying represents close to $305 million in added exposure. These wallets have not liquidated meaningfully since the March 16 peak.
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However, the price chart shows distribution, not accumulation, driving price action since the peak. Whale buying has absorbed some of the selling, but it has not reversed the trend.
$XRP Price Fails to Cross $1.50
The daily chart shows $XRP breaking below the $1.4367 support level, which now acts as resistance. A pink-shaded distribution range between $1.43 and $1.52 marks where sellers absorbed the March rally.
The annotated measured move on the chart projects a 9.17% decline from the range top, targeting approximately $1.38 to $1.39. Price is already trading near that target zone at $1.4007.
A daily close below $1.3392 would open the next major support at $1.2852, a further 4% lower. The $1.2127 level below that represents the last major floor before new multi-month lows.
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To the upside, reclaiming $1.4367 would neutralize short-term bearish pressure. A push back above $1.5119 would require both the whale accumulation and a broader market catalyst to sustain. The Evernorth treasury deal — which involves a $1 billion structure with $XRP contributions from Ripple — could provide that fundamental spark if confirmed.
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