XRP slides below $1.15 as whales sell and exchange reserves hit seven‑year low

Ripple’s XRP token has broken key technical support, falling beneath the $1.15 level that previously defended a $1.25 resistance zone. A sharp volume spike and leveraged selling accelerated the drop, leaving the price around $1.13 and marking a 3.4% intraday decline. The move follows a hawkish Federal Reserve outlook that strengthened the U.S. dollar and reduced appetite for risk assets.

On‑chain data show a concentration of ownership, with wallets holding more than 1 million XRP controlling about 93% of the supply. Whale activity intensified, with over 30 million XRP (approximately $33 million) sold in the past five days, while exchange reserves fell to a seven‑year low of roughly 1.6 billion tokens – about half of the October 2025 peak. Active addresses also declined by nearly 50% to around 25,000.

Despite the excitement around the XRPL v3.2.0 main‑net upgrade, the technical and on‑chain bearish signals have outweighed any positive sentiment. Analysts note that a breakout above the year‑long descending trendline could trigger a rally, but current conditions suggest further volatility until utility‑driven demand materialises.