XRP Hits Six-Week Low as Whale Activity Fades

XRP extended its selloff over the past 24 hours, sliding to around $1.33 and marking its lowest level since April 13. Less than 10 days ago, the token tested resistance near $1.55 before being sharply rejected, and the pullback has since deepened. The broader crypto market was also lower, with Bitcoin dropping to $75,000 for the first time in three weeks. XRP, though, has underperformed, down roughly 14% from its recent local peak on a 10-day view. XRP's market capitalization has fallen toward $82 billion, widening the gap versus BNB to more than $5 billion at press time. On-chain data also points to cooling large-holder participation. Whale activity on the XRP network has fallen from 157 transactions exceeding $1 million a few months ago to 67 today, a 57.3% decline. Analyst Ali Martinez said the drop suggests the asset may be "entering a compression phase," with whales stepping back as the price range stabilizes and near-term volatility eases. There was one notable bright spot in network growth: earlier this week, XRP recorded about 4,300 new wallet creations in a single day, the fourth-largest one-day spike in 2026. Santiment said network expansion is among the stronger signals that can precede market reversals. Still, some analysts see additional downside risk. CRYPTOWZRD said XRP closed with a bearish tone and warned the token could face further pressure if Bitcoin continues to decline. The analyst also flagged an "increasing trend in short positions" and said there are "no reversal signals in the futures market yet," adding that XRP could slip to $1.30.