XRP Whale Transactions Plunge 57 % as Market Enters Compression Phase

XRP whale transactions drop 57.3% in nine days as price trades near $1.329 and markets watch the $1.36 support zone.

XRP whale transactions have dropped sharply over the past nine days, as large transfers worth more than $1 million fell from 157 to 67.

The 57.3% decline comes while XRP trades near $1.329 on Bitstamp, with the token holding close to a key support area.

XRP Whale Transactions Plunge 57%

Large XRP transactions have slowed across the network during the latest nine-day period. Transfers worth more than $1 million fell from 157 to 67.

That marks a 57.3% decline in whale activity. The drop shows that large holders have reduced their visible market activity.

Lower whale activity can reduce sudden price swings in the short term. It can also show that larger traders are waiting for clearer market direction.

The current change does not confirm accumulation or distribution by itself. It only shows that high-value transaction volume has dropped.

Market observers often track whale transfers to assess large-holder behavior. These transactions can affect liquidity when they appear near key price levels.

Market Enters Compression Phase

The lower number of large transactions has raised focus on a possible XRP compression phase. In this type of market, price often moves within a tighter range.

A compression phase can form when buyers and sellers reduce aggressive activity. It can also allow order books to develop with less sudden movement.

XRP is trading near $1.329 on the daily Bitstamp chart. The price remains weak after falling from the higher range near $3.00 to $3.50.

The chart shows limited bullish follow-through after the recent rebound. This means buyers have not yet pushed price back above short-term resistance.

The main support area sits near $1.36. This level matches the 1.0 Fibonacci retracement shown on the chart.

XRP is trading slightly below or near that level. A stronger recovery would need price to reclaim it and hold above it.

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XRP Price Levels Remain Key

Resistance is visible near $1.50. XRP has struggled to move above that area during the recent bounce attempt.

A daily close above $1.50 would help reduce near-term downside pressure. It would also place focus on the next Fibonacci levels.

The next resistance levels are near $1.75, $2.07, and $2.29. The $2.07 to $2.29 range has acted as a prior reaction area.

On the downside, failure to hold the current support area could open lower levels. The next support range is near $1.20 to $1.25.

Momentum indicators still show weak conditions. The MACD remains below the zero line, while both signal lines stay negative.

The RSI is near 37.65. This shows weak momentum, although it is not at a deep oversold reading.

A move above the RSI midline near 50 would show better market strength. Until then, sellers remain active on the daily chart.

XRP remains in a corrective structure after losing its upper range. Traders are watching whale activity, support levels, and momentum signals together.

The next market move may depend on whether XRP reclaims $1.36 and then $1.50. A failure there could keep attention on $1.20 to $1.25.

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