XRP has fallen back to roughly $1.16 after failing to hold gains near $1.32 earlier in the week, putting a closely watched support zone in focus.
The token briefly traded above $1.30 amid signs of growing large-holder balances, but the recovery faded as broader selling pressure returned.
The move leaves XRP price near the lower end of a descending channel that has shaped its price action since mid-October.
Several market watchers have identified $1.14 as the immediate line buyers need to defend; a sustained break below it could extend the recent decline.
$1.14 Becomes the Near-Term Test
On four-hour charts, XRP has repeatedly moved between lower support and resistance near $1.30. A hold around $1.14 could open the way for another attempt at the channel’s upper boundary, implying a rebound of about 13% from recent levels.
That outcome remains conditional. XRP slipped below $1.20 during the latest pullback, leaving both daily and weekly chart structures under pressure. Resistance is seen first around $1.30, followed by the $1.35 to $1.40 area that capped the earlier advance.
Ripple’s chief technology officer, David Schwartz, addressed criticism tied to the token’s performance as XRP traded near $1.16. He said he has limited influence over its market price, underscoring the distance between Ripple’s corporate developments and day-to-day moves in a publicly traded asset.
Whale Activity Offers a Half-Signal
Large-wallet accumulation has been one of the more constructive data points. Increasing whale holdings and limited movement among some major XRP addresses is a pattern that some traders interpret as a sign that longer-term holders are not rushing to sell.
But crypto wallet data does not settle the question of whether the rebound can last. Exchange supply, fresh demand and the source of buying matter more than a single technical level, particularly after XRP’s steep retreat from late-September highs.
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