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\n\t\t\t\t\t\t\t\t\tAnalysts predicted an even bigger decline to under $1.30 soon. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
It was less than ten days ago when the popular cross-border token challenged the $1.55 resistance. The subsequent rejection, though, was both immediate and violent.<\/p>\n
The past 24 hours have only intensified the retracement. Although almost the entire market is in the red today, with BTC sliding to $75,000 for the first time in three weeks, XRP\u2019s drop is actually worse.<\/p>\n
With the token currently trading at $1.33, the 10-day chart shows a substantial 14% decline since the local peak. Moreover, XRP has dropped to its current price for the first time since April 13, marking a six-week low. Its market capitalization has dumped toward $82 billion, and the gap with BNB has only widened to over $5 billion as of press time.<\/p>\n
What\u2019s perhaps even more worrying is the fact that whale activity on the XRP network has declined from 157 large transactions of over $1 million a few months ago to 67 today. This 57.3% drop, according to popular analyst Ali Martinez, suggests that the underlying asset could \u201cbe entering a compression phase.\u201d<\/p>\n
Whales have seemingly stepped back to let \u201cthe current price range settle, which naturally reduces immediate volatility and allows the order books to mature.\u201d<\/p>\n
\nIn the last 9 days, whale activity on the $XRP<\/a> network has dropped from 157 large transactions worth over $1 million to just 67 today, representing a 57.3% decline.<\/p>\n
When large-scale transaction volume thins out like this, it tells me the market could be entering a compression\u2026 pic.twitter.com\/lVQGjhqVzG<\/a><\/p>\n
\u2014 Ali Charts (@alicharts) May 23, 2026<\/a><\/p>\n<\/blockquote>\n
On the more positive side, XRP saw a massive 4,300 new wallet creations<\/a> in a single day earlier this week, which was the fourth-largest such spike in its network activity in 2026. According to Santiment, such network growth is among the strongest signals for possible market reversals.<\/p>\n
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But Maybe More Pain Ahead?<\/h2>\n
While weighing in on XRP\u2019s recent price moves, fellow analyst CRYPTOWZRD warned that the token had closed bearish. They predicted<\/a> more troubles ahead, especially if BTC continues to decline.<\/p>\n
Additionally, CW said<\/a> XRP continues to show an \u201cincreasing trend in short positions,\u201d and cautioned that there are \u201cno reversal signals in the futures market yet.\u201d In a separate post, the analyst warned<\/a> that the cross-border altcoin could fall further to $1.30.<\/p>\n
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