XRP (XRP) price is stuck near $1.31 inside a bearish channel, unable to reclaim a single level capped by major recovery attempts.
Beneath the surface, the two largest groups of whales and long-term holders cut their stocks this weekend, leaving the token’s next move dependent on whether buyers can reclaim one decisive streak.
The price is sliding in a downward channel as whales retreat from the exposure level
XRP has been traded Within a descending channel since mid-February, a pattern in which the price moves down between two parallel, downward-sloping lines while recording lower highs. The price crept back toward the center line of the channel after the recent decline, but restoring the center line alone will not turn the structure to the upside.
Want more symbolic insights like this? Sign up for Editor Harsh Notariya’s daily newsletterhere.
Now the focus is on the main levels. XRP price should reclaim the 20-day Exponential Moving Average (EMA), the trend line that weighs on recent prices the most, as it sits near $1.35. History shows why it is important. When XRP lost the 20-day moving average on May 16, it corrected nearly 11%. When it reclaimed the line in early May, the price rose nearly 11%. This makes this artistic line a critical focal point.
However, the biggest caveat lies in the behavior of XRP whales. The two largest groups reduced their holdings starting on May 31, indicating this We expect a weak June.
The 100 million to 1 billion XRP pool reduced its stake from 11.54% to about 9.9%, a sharp decline. The proportion of the smaller group with a population of 10 million to 100 million decreased from 17.61% to 17.36%.
Both moves down simultaneously indicate inherent weakness rather than a single seller. This sale raises questions about whether anyone is intervening to absorb it.
Owners cut the bunker as the accumulation signal weakens
The picture does not improve among long-term owners. The Hodler Net Position Change Index, a measure that tracks whether medium- to long-term coin holders are adding or dumping coins, fell sharply this weekend.
The reading fell from around 268.4 million XRP on May 30 to around 216.6 million XRP the next day, a sharp 19% drop in one day that indicates distribution rather than accumulation.
With whales and holders reducing exposure at the same time, the buy-side support needed for a clean recovery appears weak. XRP exchange outflows elsewhere indicate some accumulation, but that demand has yet to show up in the price. This leaves the XRP price chart to decide whether the weakness deepens or stops.
XRP price levels to watch with 20-day EMA pause
The critical 20-day EMA level closely matches the 0.618 Fibonacci level at $1.348 ($1.35 area).
A move above $1.35, a ~2.6% gain, opens the way to $1.38 (50-day EMA), then $1.42 and $1.47. A rise above $1.55 would reverse the trend to the upside. On the negative side, You must hold XRP $1.29 and $1.26. The immediate risk is at $1.29, just 1.45% below the current price, and a loss of $1.26 exposes you to $1.22 exposure.
Currently, $1.35 separates a double-digit recovery from a pullback towards $1.22.
this post $1.35 XRP recovery fails as whales and holders bail out together appeared first on BeInCrypto.
