XRP Quietly Loses Its Last Line of Support

XRP is sliding toward its last major support near $1.04 as its weekly Relative Strength Index sinks into oversold territory unseen since 2022.

The XRP price trades around $1.04, down roughly 3.7% over the past 24 hours and more than 11% on the week. Both technical and on-chain readings now point in the same direction.

Whale transaction counts above $100,000 have thinned toward the low end of their range. Santiment data shows the metric near 90, far below the early-February peak around 898.

Fewer large transfers point to weak conviction among major holders. Recent on-chain reports also show top whales trimming positions rather than buying the dip.

Social dominance tells a similar story. The metric sits near 0.259%, well below its spring spikes in late March and mid-May.

Those attention spikes failed to halt the decline. Chatter flared as the price fell, then faded, signaling little fresh demand from retail holders.

Both metrics fall together as the price drops. That combination often accompanies distribution, not accumulation, and removes a key prop for any recovery.

On-chain reports for early June describe the same shift. The largest whale cohort trimmed its share of supply

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/xrp-quietly-loses-last-line-223000606.html)