Key Takeaways XRP currently trades near $1.09, experiencing a monthly decline exceeding 6% Large transactions exceeding $1 million on XRP Ledger plunged from approximately 70 to merely 2 Tech
Ripple’s XRP currently maintains a position slightly above $1.09 on Bitstamp, though the prevailing momentum has trended downward for several weeks. The digital asset has declined 2.23% during the last 24 hours, shed 4.24% across the previous week, and dropped 6.83% throughout the past month.
XRP PriceThe downward trajectory traces back to August 2025, when XRP reached a swing peak of $3.66. From that point forward, the momentum has remained consistently negative.
Market participants are now intensely monitoring the $1.00 support threshold. This level represented a significant breakout point approximately two years prior, establishing its historical significance for numerous traders.
Examining the four-hour timeframe reveals XRP nearing additional support around $0.95. Technical analysts have identified what appears to be an ending diagonal formation — a chart pattern frequently associated with trend exhaustion.
Market commentator @ew-forecast observed the pattern “could signal that selling pressure is starting to mature,” while emphasizing that the overall market structure continues to display bearish characteristics without definitive reversal confirmation.
Blockchain metrics are drawing considerable attention. Based on Santiment information shared by analyst Ali Martinez, daily XRP Ledger transactions valued above $1 million plummeted from roughly 70 earlier this week to a mere 2.
Whale activity on the $XRP Ledger has cooled significantly.
The number of transactions worth more than $1 million has dropped from 70 over the past week to just 2 today. pic.twitter.com/th3C7vEkT2
— Ali Charts (@alicharts) July 12, 2026
This dramatic decline doesn’t necessarily indicate major holders are liquidating positions. Rather, it suggests significant inactivity — institutional players appear to be adopting a wait-and-see approach before committing to new positions.
Open Interest metrics have similarly contracted, reflecting hesitancy among futures traders to establish aggressive directional wagers. Exchange reserve data shows a downward trajectory as well, potentially suggesting accumulation behavior, though not necessarily indicating imminent price appreciation.
Analyst Celal Kucuker shared observations on X, drawing attention to an RSI divergence pattern forming on XRP. His assessment was direct: “A strong rally could be about to begin.” While the divergence merits attention, it hasn’t yet catalyzed substantial buying interest.
$XRP is showing an RSI divergence.
A strong rally could be about to begin.
Hear it here first. pic.twitter.com/yMRgncE5qx
— Celal Kucuker (@CelalKucuker) July 13, 2026
TradingView’s aggregate assessment for XRP registers as Neutral, though deeper examination reveals 14 sell indicators, 10 neutral readings, and only 2 buy signals. The RSI currently measures 43.45, positioned beneath the neutral threshold of 50. The ADX registers 14.74, indicating the present trend demonstrates limited directional momentum.
The majority of exponential and simple moving averages — spanning from the 10-period through the 200-period EMA — remain positioned above the current trading price, collectively generating sell signals. The 200-period EMA stands at $1.468, considerably above XRP’s present valuation.
Source: TradingView Significant support zones include $1.00, $0.95, $0.85, and $0.60. Should price action breach below $0.90, the subsequent substantial support level could extend as low as $0.44, according to historical drawdown patterns from earlier cycles identified by analyst Chart Nerd.
Resistance consolidates between $1.10 and $1.13, where multiple moving averages intersect.
The latest blockchain data confirms whale activity has reached historically suppressed levels for this timeframe, with only 2 substantial transactions documented on the XRP Ledger during the most recent session.
The post Ripple (XRP) Price Hovers Near $1 as Whale Transactions Plummet and Bearish Signals Dominate appeared first on Blockonomi.
