XRP slides to $1.32 on May 23, 2026 as Fibonacci 0.786 breaks and support nears $1.2779

XRP traded around $1.32 on May 23, 2026 after falling below the Fibonacci 0.786 level at $1.3335, placing price in the final retracement zone toward $1.2779. On-chain indicators highlighted muted distribution signals, including Binance whale-to-exchange transactions at 237 and an NVT Ratio of 191.7 after a 12.1% 24-hour drop. Analysts also pointed to a monthly Descending Broadening Wedge structure with $1.11 marked as critical support and $2.65–$3.00 as a potential reclaim zone.