XRP tests US$1.04 as selling builds

• XRP has fallen towards the US$1.04 support level as technical and on-chain indicators continue to weaken.
• Whale transactions, social activity and the weekly Relative Strength Index have all declined, pointing to weaker market participation.
• Analysts say XRP would need to reclaim the US$1.17 level to improve its technical outlook after breaking below key support.

XRP (CRYPTO:XRP) fell towards the US$1.04 support level after declining about 3.7% over the past 24 hours and more than 11% during the past week as selling pressure continued to build.

On-chain data showed whale transactions above US$100,000 had fallen to around 90 from a peak near 898 in early February, while social dominance declined to approximately 0.259%, indicating lower participation from large holders and retail traders.

Weekly technical indicators also weakened, with the Relative Strength Index falling below an ascending trendline that had held since 2022 and approaching oversold territory near 28.

The weekly chart shows XRP trading below a descending resistance line after falling more than 50% from its July 2025 record high of US$3.66, while a previous symmetrical triangle breakdown projects a technical target near US$0.73.

Analysts said XRP would need to recover above the 0.786 Fibonacci retracement level near US$1.17 to weaken the current bearish outlook, while a sustained move below that level could reinforce downside momentum.

Market data also showed weekly trading volume continuing to decline, suggesting buying interest has remained subdued during the recent price weakness.

The combination of weaker on-chain activity, declining market participation and deteriorating technical indicators suggests traders will continue monitoring whether XRP can hold current support or extend its broader downtrend.

At the time of rporting, XRP price was $1.05.