XRP Price Crashes 10%, But This Isn’t Panic Selling Here’s What On-Chain Data Shows

XRP price

XRP price action shows longer lower wicks, hinting that selling pressure is slowing, but there is no confirmed reversal yet. As long as XRP trades below the channel midline and former support level of $1.30, any rebound risks being corrective. A sustained recovery would require a decisive reclaim of broken resistance. Failure to hold the current demand zone of $1.30-$1.40, however, could expose XRP to a deeper move into lower liquidity pockets near $1.10.

FAQs

What is causing the current decline in XRP price?

XRP’s drop is driven by a structural reset, not panic selling. Leverage is unwinding, and large holders are waiting, removing speculative momentum for a quick rebound.

Is now a good time to buy XRP after its price drop?

Currently, large “whale” investors aren’t accumulating, suggesting a wait for stability. With price in a falling channel, it may consolidate further before a durable base forms.

What does XRP need for a sustained price recovery?

XRP needs to reclaim and hold above the $1.30-$1.40 zone as solid support, alongside renewed buying interest from large holders, to signal a potential trend reversal.

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