XRP faces 30% drop as whale activity and RSI decline
June 26, 2026
XRP is currently facing a critical test as it hovers around $1.04, with various indicators signaling potential trouble ahead. The token has experienced a recent downtrend, dropping approximately 3.7% in the last 24 hours and over 11% in the past week. This decline has brought XRP close to its final major support level, raising concerns about further price drops.
One of the key factors adding to the bearish sentiment is diminishing on-chain activity and weakening technical indicators. Data from Santiment shows a notable decrease in whale transactions valued at least $100,000, with only about 90 transactions currently compared to nearly 900 recorded earlier in February. This decline suggests that significant holders are pulling back from the market, which could impact price movement negatively.
Additionally, retail interest in XRP seems to be waning, as reflected in the token’s reduced social dominance, which currently stands at around 0.259%. This decline in social engagement indicates fading enthusiasm among retail traders, despite brief spikes in online discussions during previous price drops. With fewer whales participating and weakening social engagement, there is a shift towards distribution rather than accumulation, further weakening the case for a potential recovery.
On the technical side, XRP’s longer-term chart continues to show a bearish outlook. The token is still trading below a descending resistance line that originated after its all-time high of $3.66 in July 2025. XRP has been unable to break above this trendline, signaling ongoing selling pressure. Moreover, the token has broken below a symmetrical triangle pattern, setting a downside target around $0.73. The previously significant support level at $1.17 has failed to attract sustained buying interest, highlighting the overall weak demand in the market.
Momentum indicators are also aligning with the bearish sentiment. XRP’s weekly Relative Strength Index (RSI) has dropped to around 28, falling below an ascending support trendline that had been in place since 2022. The RSI briefly tested this trendline from below in May before continuing its downward trajectory, marking its first oversold reading below 30 since the 2022 bear market. While oversold conditions could trigger temporary rebounds, analysts believe the prevailing trend remains bearish until XRP manages to reclaim the $1.17 support level and the weekly RSI moves back above the broken trendline.
In conclusion, XRP is navigating a challenging landscape characterized by weakening on-chain metrics, diminishing whale activity, and bearish technical indicators. The token’s struggle to maintain critical support levels and its failure to generate sustainable buying interest suggest a potential path towards further decline, with the $0.73 area emerging as a significant downside target if current bearish momentum persists.
