Whale–Holder Fight Could Push XRP Toward $1

XRP dropped about 13% after a rejection near the $1.67 resistance zone and is down nearly 10% over the past 24 hours. That pullback followed a brief surge on February 15 that produced a long upper wick, suggesting sellers stepped in and forced the price lower. Technically, the token has been trading inside a rising wedge since early February — a pattern that often ends in a breakdown and points to a potential 26% correction if support fails.

Momentum also showed a hidden bearish divergence, with price posting lower highs while the RSI made higher highs. A 12‑hour candle closing below the wedge’s lower trendline and then $1.35 could mark the start of the breakdown. On-chain data shows whales sold nearly 50 million XRP during the recent rally attempt: wallets holding 100 million to 1 billion XRP reduced their holdings by about 10 million, while those holding 10 million to 100 million dropped roughly 40 million.

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