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$XRP has slipped below the important $1.15 support level, a price zone critical for maintaining the token’s short-term bullish structure.
The break below $1.15 reflects growing weakness in $XRP’s chart. Buyers have so far failed to step in with sufficient strength, and the token continues to struggle for upward momentum.
$XRP Recovery Attempts Lose Momentum
Notably, $XRP has posted a series of weaker recovery attempts in recent trading sessions. The token first rallied toward $1.28 on June 15 before facing rejection. That rally followed $XRP’s sharp decline to $1.09 on June 11. However, bears quickly regained control, causing the price to retrace.
A later rebound reached around $1.25, while another recovery attempt stalled near $1.22. Each move was followed by renewed selling pressure.
This pattern of lower highs suggests bullish momentum has been steadily fading. Every rebound has been weaker than the previous one.
Now, the bigger concern is not just the loss of support. $XRP’s price has repeatedly failed to establish higher levels despite several attempts to recover.
Buyers Not Entering The Market
With the $1.15 support level now broken and the price dipping to $1.12 over the past day, there are barely any signs of aggressive buying interest.
Instead, $XRP remains trapped in a pattern where rallies are quickly rejected before meaningful gains can develop.
Unless the token can reclaim and hold above $1.15 in the near term, further downside could follow before a stronger support zone emerges.
$XRP is currently trading at $1.14, up 1.56% over the past 24 hours. Despite the daily gain, the broader trend remains weak. $XRP is down 16% over the past 30 days and has fallen 38% since the start of the year.
Whales Selling Aggressively
$XRP’s disappointing price performance is further supported by data from Santiment, which shows that whales have been aggressively selling.
Specifically, Santiment reports that large investors have dumped more than 30 million $XRP over the past five days alone. Their collective holdings have declined from 3.82 billion $XRP to 3.78 billion $XRP during that period.
Network Activity Plunges
At the same time, $XRP’s network activity has dropped sharply.
Santiment data shows that network activity has fallen by roughly 50% over the past two weeks. Active addresses declined from around 50,000 to just over 25,000.
These on-chain metrics paint a bearish picture for $XRP. The continued breakdown of key support levels between $1.30 and $1.10 has increased concerns that $XRP could eventually fall below the psychologically important $1 mark.
According to Ali Martinez, $0.90 is an important level to watch. Meanwhile, community figure ChartNerd is monitoring a possible decline toward $0.70.
Both believe that prices below $1 could present a long-term buying opportunity ahead of the next bull run.