XRP Falls Under $1.35 as Whales, Hodlers Cut Stakes

XRP traded near $1.31 on Monday inside a downward-sloping channel that began in mid-February and remained below the 20-day exponential moving average, around $1.35. When XRP lost the 20-day EMA on May 16 the token later corrected about 11%, and reclaiming that line in early May coincided with an almost 11% rally. On-chain data show the two largest whale cohorts reduced holdings beginning May 31. The cohort holding 100 million to 1 billion XRP cut its share from 11.54% to roughly 9.9%. The 10 million to 100 million XRP cohort eased from 17.61% to 17.36% over the same period. The Hodler Net Position Change, which tracks net additions or withdrawals by mid- to long-term holders, fell from about 268.4 million XRP on May 30 to about 216.6 million XRP on May 31, a decline of roughly 19% in one day. Some exchange outflow activity indicated pockets of accumulation, but those flows did not correspond with higher prices over the weekend. Technical levels to watch include the 20-day EMA near $1.35, which aligns with the 0.618 Fibonacci level at $1.348. A move above $1.35 would put the 50-day EMA near $1.38 and identify resistance levels at $1.42 and $1.47. Immediate support sits at $1.29 and $1.26, with a further decline exposing $1.22. Top holders trimmed exposure and longer-term holders reduced positions over the weekend; price remains below the 20-day EMA and near $1.31.