Analysts Eye $1.55 XRP Breakout as Whale Selling Drives 20% Drop

• Whales sold or redistributed about 90M XRP, while daily active addresses dropped sharply during the recent correction.
• XRP holds near $1.35, with $1.30-$1.39 as key support and $1.38-$1.39 needed to strengthen a recovery.
• A weekly close above $1.55 could target $2 and $3.66, while failure to reclaim it may expose $0.70-$0.95.

XRP has fallen 20% over three weeks, dropping from $1.70 to $1.35 as whale distribution and weaker network activity weigh on the token. Analysts Ali Charts and Crypto Patel identified important price levels for XRP’s next move. Meanwhile, technical data shows support between $1.30 and $1.39.

Whale Selling and Network Activity Weaken

According to Ali Charts, whales sold or redistributed roughly 90 million XRP during the past week. He linked part of the recent decline to profit-taking after XRP’s earlier advance. Network activity also dropped sharply during the correction. 

Daily active addresses fell 90.18%, declining from 388,492 to 38,163. However, another chart showed activity reaching approximately 938,000 during XRP’s late-August rally. The current reading on that chart stands near 18,000.

Ali Charts identified $1.35 as critical support, noting that 2.29 billion XRP previously traded around that level. He said a recovery above $1.38 could open the way toward $1.60 and $1.68.

Crypto Patel Highlights the $1.55 Barrier

Crypto Patel focused on XRP’s broader price structure and the resistance near $1.55. He said the multi-year downtrend has already broken, but XRP remains below that important level. A weekly close above $1.55 would place $2 and $3.66 on his upside path. 

https://twitter.com/CryptoPatel/status/2098418789906088445?s=20

He identified $3.66 as XRP’s all-time high and the main level for a larger breakout. Above that price, Patel projected a possible move toward $10. However, he also marked $0.70–$0.95 as a major demand zone. Failure to reclaim $1.55 could expose XRP to another decline toward that range.

XRP Technical Levels Define the Next Move

XRP currently trades near $1.347 after falling from a late-August peak around $1.58. The token previously declined from $1.39–$1.45 in March toward $1.00 in early April. It later recovered toward $1.45–$1.50 before falling again to $1.00–$1.05 in early August.

The 50-day moving average is near $1.39, while the 200-day average is around $1.30. Therefore, the $1.30–$1.39 area remains a key technical zone.

Source: Santiment

A move above $1.39 could bring $1.45 and $1.50 into focus. Reclaiming $1.58 would strengthen the recovery structure. However, a break below $1.30 could expose $1.20 and $1.13. XRP holders have also increased to approximately 8.11 million during the period.