XRP is trading at $1.40, down 0.56% on the day, after sliding 9.17% from a March 16 high of $1.55. The retreat has pushed the token back below the $1.4367 support level.
Mid-tier whales have been accumulating steadily since early March, but that buying has not yet absorbed the selling pressure following the recent peak.
XRP Losses Fluctuate
Net Unrealized Profit/Loss data from Glassnode shows the XRP network has spent most of the past seven weeks in negative territory. The metric peaked near 0.22 in late January when the price was above $2. It crashed to -0.19 on February 5 before stabilizing.
From mid-February through March, the reading held between -0.03 and -0.08. A brief recovery to roughly 0.065 appeared around March 16, coinciding with the price run toward $1.55. That recovery has since reversed.
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The current reading sits near -0.03. The majority of XRP holders are still carrying unrealized losses at today’s prices. A sustained move above $1.51 would be needed to pull the metric back into positive territory.
XRP Whales’ Buying Continues
Despite the bearish unrealized loss picture, mid-tier whale behavior tells a more constructive story. Wallets holding between 10 million and 100 million XRP added approximately 500 million coins since early March, pushing total balances from roughly 10.77 billion to 11.09 billion XRP.
At an average price of around $0.61 during accumulation, that buying represents close to $305 million in added exposure. These wallets have not liquidated meaningfully since the March 16 peak.
However, the price chart shows distribution, not accumulation, driving price action since the peak. Whale buying has absorbed some of the selling, but it has not reversed the trend.
XRP Price Fails to Cross $1.50
The daily chart shows XRP breaking below the $1.4367 support level, which now acts as resistance. A pink-shaded distribution range between $1.43 and $1.52 marks where sellers absorbed the March rally.
The annotated measured move on the chart projects a 9.17% decline from the range top, targeting approximately $1.38 to $1.39. Price is already trading near that target zone at $1.4007.
A daily close below $1.3392 would open the next major support at $1.2852, a further 4% lower. The $1.2127 level below that represents the last major floor before new multi-month lows.
To the upside, reclaiming $1.4367 would neutralize short-term bearish pressure. A push back above $1.5119 would require both the whale accumulation and a broader market catalyst to sustain. The Evernorth treasury deal — which involves a $1 billion structure with XRP contributions from Ripple — could provide that fundamental spark if confirmed.
