- XRP broke out of a symmetrical triangle as analysts warned rising selling pressure could still drive price toward $1.14.
- XRP whale transactions above $1M plunged 57.3% in nine days, signaling reduced large-holder activity and market compression.
- XRP remains trapped between $1.35 support and $1.50 resistance after February’s bearish death cross formation.
XRP entered another volatile trading phase with analyst Ali Charts identifying a breakout from a symmetrical triangle on the daily chart. The token recently traded between $1.35 and $1.50 after months of consolidation following February’s sharp correction. Meanwhile, whale transactions above $1 million dropped 57.3% over the last nine days, according to Ali Charts.
XRP Breakout
Ali Charts said XRP breached the rising trend line of a symmetrical triangle pattern on the daily timeframe. However, the analyst also warned that rising selling pressure could push XRP toward $1.14. The breakout followed several months of range-bound trading after XRP lost momentum earlier this year.
XRP traded above $2.00 in December before rallying toward the $2.35 to $2.40 resistance zone in January 2026. However, buyers failed to sustain momentum near those levels, triggering a prolonged correction during February. The decline later pushed XRP closer to the $1.40 area.
Death Cross Added To Bearish Pressure
A major technical shift appeared in early February when the 50-day moving average crossed below the 200-day average. Traders widely recognize this pattern as a bearish death cross formation. Following the crossover, XRP declined from roughly $1.80 toward the $1.40 region.
Since then, XRP has remained largely trapped between $1.35 support and $1.50 resistance. The psychological $1.80 level continues acting as another important resistance zone for traders. Failure to reclaim the 50-day moving average has kept short-term bearish pressure active across the market.
Whale Transactions And Network Activity Decline
Ali Charts also reported a slowdown in whale activity across the XRP network. Large transactions worth more than $1 million reportedly fell from 157 to 67 within nine days. According to the analyst, reduced whale participation may point to a market compression phase.
Meanwhile, daily active addresses spiked above 60,000 during January and February’s volatile sessions before cooling later. Network activity later stabilized closer to the 25,000 to 45,000 range as trading intensity slowed. Despite weaker price action, total XRP holders continued rising steadily from roughly 7.28 million to 7.86 million wallets.
