XRP Loses Its Last Major Support Around $1.04 as Whale Activity Slows
On-chain data shows that large XRP transactions have dropped sharply, while the weekly RSI is at its lowest level since 2022. A break below $1.04 could open the door to $0.73.
Key Takeaways
- XRP is trading just above its last major support around $1.04 after falling more than 11% over the past week.
- The weekly RSI is at an oversold level not seen since 2022, while bearish momentum keeps building.
- Whale transactions above $100,000 and XRP's social dominance have dropped sharply, pointing to weaker buying interest.
XRP is getting close to its last major support around $1.04 (€0.92) after the price dropped more than 11% over the past week. The weekly Relative Strength Index (RSI) has fallen to an oversold level not seen since 2022, which points to strong downward pressure on the price.
Technical Indicators and Price Action
XRP is currently trading just above $1.04 (€0.92), which lines up with the 0.786 Fibonacci retracement level from the July 2025 peak. This level is often seen as an important support area in technical analysis. Even with this possible support, the price keeps falling, partly because the weekly RSI has dropped below 30, which usually signals an oversold setup. Still, the broken upward RSI trendline and the lack of buying power suggest momentum is still with sellers for now.
On the weekly chart, XRP is clearly trading below a descending resistance line that has repeatedly held since the record high of $3.66 (€3.23) in July 2025. This downtrend has led to a series of lower highs and lower lows, confirming the bearish trend. A break below $1.17 (€1.03), the level of the last major support, would clear the way toward a price target around $0.73 (€0.64).
Drop in Whale Activity and Market Sentiment
On-chain data shows that the number of transactions above $100,000 has fallen sharply, from a peak of about 898 in February to around 90 now. That points to weaker interest and conviction among large holders. In addition, recent reports show that top whales are cutting their positions instead of buying more during this dip. Meanwhile, Ripple is still building on the broader adoption side: the company received a preliminary MiCA license in Luxembourg for a European rollout of its services.
XRP's social dominance, a measure of attention on social media, has also dropped to about 0.259%, well below the peaks seen in March and May. This lack of attention and buying interest from retail investors adds to the picture of distribution rather than accumulation, which is usually a negative sign for a price recovery.
Why This Matters for European Crypto Investors
For European investors, this XRP move is worth watching, since the loss of the last support and the drop in whale activity point to a possible continuation of the downtrend. That could affect the broader view and sentiment around altcoins in the region, especially in a market that tends to react strongly to technical signals and large trades from institutional players.
