Ripple’s XRP is down today, trading at $1.34 after a disputed technical pattern and a sharp drop in whale activity have weakened any short-term bullish outlook. Ali Charts called a breakout on May 23, but the daily chart shows the price falling below the lower trendline of a symmetrical triangle. This breakdown changes the outlook. According to the same analysis, if selling continues, the next downside for the XRP price target is $1.14.
Selling Pressure Builds as XRP Price Falls Below Key Averages
With Ripple (XRP) trading below the EMA10 at $1.40 and the SMA10 at $1.37, these levels have turned into short-term resistance. The EMA200 at $1.40 is also in this range, creating another barrier the price must overcome before any recovery seems likely.
Thirteen out of fifteen tracked indicators are negative for the current price. The Ichimoku Base Line at $1.76 is neutral, but this is due to chart compression, not a real balance. The only buy signal is the SMA200 at $1.18573, which serves as long-term support rather than a sign of upward momentum.
XRP price has dropped 3.03% in the past week and 5.38% over the past month. Since the start of the year, it is down 26.75%. Over six months, it has fallen 39.38%, and over the past year, it is down 42.52%. The only positive return is from over 5 years, recording +37.98% since 2021, which puts the current price in the lower half of its long-term range.
According to Ali Charts, the monthly chart shows a parallel channel from $0.17 to $3.04. The area around $0.73 could become an accumulation zone if the price drops further. Right now, XRP is trading at $1.354, which is in the middle of this channel. However, the short-term chart is showing signs of breaking down.
Whale Activity Drops 57% as Open Interest Cools
In the last nine days, the number of whale transactions over $1 million on the XRP network dropped from 157 to 67, a 57.3% decrease, according to Santiment data shared by Ali Charts. This is neither distribution nor accumulation. Instead, whales stepping back reduces order flow, lowers volatility, and delays any clear move out of the $1.30 to $1.50 range that has defined XRP’s 2026 consolidation.
As of May 25, open interest is $2.83 billion, much lower than the nearly $10 billion peak in mid-2025. The OI-weighted funding rate is just 0.0063%, which is barely positive after months of negative readings earlier in 2026. This rate does not show a strong direction for the market.
Community response to Ali Charts’ breakout call has been divided, with multiple users identifying the triangle breach as a breakdown rather than an upside move. XRP price would need to reclaim $1.40 to challenge that read; below it, the $1.14 target remains in play.
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