XRP Slides to $1.30 as Whales Unload 480M Tokens—Ripple's Red Cross Is Now Open for Business

Ripple's native token $XRP is trading near $1.30 after a difficult week, reflecting sustained selling pressure from large holders. On-chain data shows whales offloaded roughly 480 million $XRP over a seven-day stretch, removing a meaningful share of supply from bullish hands.

Selling has been heaviest around the $1.32 zone, an area that previously acted as support and is now functioning as resistance. Technical indicators paint a cautious picture: the Relative Strength Index has slipped toward oversold territory, and the MACD remains in negative configuration, suggesting momentum has yet to decisively flip.

Analysts have flagged a descending channel on the daily chart, with lower highs continuing to form since the late-summer rejection near $1.55. A break below the $1.28 floor would expose the next liquidity pocket near $1.18, while reclaiming $1.45 on strong volume would be needed to neutralize the bearish structure.

Market participants have circulated a 145% upside scenario tied to a 2023-style fractal setup, but the pattern remains unconfirmed and requires a decisive close above descending resistance to validate. Traders are also watching the pending RLUSD settlement rollout through Cross River Fintechs, announced as the latest institutional integration for Ripple's stablecoin.

For now, $XRP sits near multi-month lows with thin bid depth, and the next directional move hinges on whether buyers can defend the current range or whether whale distribution continues at the prevailing pace.