- XRP risks deeper losses if $1.00 support breaks with strong selling volume.
- Whale accumulation offers hope despite bearish momentum and persistent resistance above $1.05.
- Analysts expect recovery only after XRP reclaims key EMA resistance levels.
Ripple’s XRP is approaching a price level that could shape the next major move. The token trades near $1.03 after weeks of persistent selling pressure. Bulls now face a crucial test around the psychological $1.00 mark. Losing that level could expose XRP to deeper losses. Holding support could give buyers another chance to recover. Meanwhile, whale accumulation offers one reason for bulls to remain hopeful.
XRP Price Struggles Below Key Resistance
XRP recently slipped below the $1.05 support zone. That level has now turned into resistance during recovery attempts. The token also recorded the lowest daily close of 2026. XRP closed near $1.02 after breaking an ascending support trendline. The move also pushed prices back toward June lows. Analyst ChartNerdTA highlighted the weakness after the July 31 breakdown. The analyst noted repeated rejections from the 20-day and 50-day EMAs.
XRP also failed several times near the $1.16 to $1.24 resistance zone. Bulls need to reclaim those levels before a stronger recovery can develop. Another TradingView analyst identified a bearish break of structure. The breakdown followed XRP’s loss of the $1.0473 swing low. The 21-period EMA sits near $1.0527 and creates another resistance barrier. The 55-period EMA stands near $1.0669 and adds further pressure.
A four-hour close above the 55 EMA could improve the outlook. The $1.00 level now carries even greater importance. Analyst Rocksorgate considers the area a major long-term support zone. The level also matches the 0.618 Fibonacci retracement from XRP’s broader advance. A high-volume break below $1.00 could damage the current bullish market structure.
Whale Accumulation Offers XRP Bulls Some Hope
Despite weak price action, large XRP wallets continue accumulating. Wallets holding 100 million to 1 billion XRP now control 11.79% of supply. That figure recently increased from 11.65%. Exchange balances have also declined during the same period. Lower exchange balances could suggest larger holders are moving XRP away.
Such behavior can reduce immediate selling pressure when accumulation continues. However, whale activity alone cannot guarantee a price reversal. Crypto Patel expects more downside before XRP begins a larger recovery. The analyst sees a potential accumulation zone between $0.65 and $0.85. The forecast also calls for another 20% to 40% decline.
Longer term, Crypto Patel maintains targets at $3, $5, $7, and above $10. Those targets require a major shift from the current bearish structure. For now, XRP faces immediate support near $1.026. Stronger support sits around $0.99, while $1.015 marks another liquidity target. Bulls must defend these areas to prevent deeper selling.
