XRP slid below $1.00 this week, touching a 21-month low of just under that mark. The move matched what analysts had been expecting, and it extends a slide that has now cut the token's value by 70% from its all-time high reached 13 months ago.
Whale Accumulation Continues
Even with prices sinking, the number of wallets holding at least a million XRP has grown. Over the past three months, that count increased by 32. That kind of quiet accumulation often shows up during downturns, though it doesn't guarantee a reversal.
Network Activity Jumps
Active XRP addresses also surged, from under 24,000 to more than 43,500 within about a month. That spike in on-chain activity comes as traders debate whether the sub-$1.00 dip marks a local bottom or just another way station on the way down.
More Sellers Than Buyers
On Binance, XRP's Taker Buy/Sell Ratio hit a multi-month low of 0.86. That means aggressive sellers outnumbered buyers, a sign that bearish pressure hasn't let up. Rising futures positioning adds to the risk: if prices break lower, it could trigger a liquidation cascade that accelerates the drop.
Support Levels to Watch
Analysts point to $0.94-$0.95 as the next important area. A break below that could open the door to a dump toward $0.80-$0.85. On the other side, ChatGPT, the AI model, says the bottom is "possibly" in, but there's no confirmation yet. It sees a "reasonable" case that the sub-$1.00 dip marked or came close to a local capitulation bottom.
The key question now is whether XRP can hold above $0.94. If it does, the recent low might stand. If it doesn't, the next stop could be much lower.
