XRP Struggles at $1.35 as Whales Reduce Holdings

XRP's price remains trapped near $1.31 within a falling channel, unable to reclaim the critical $1.35 level, according to BeInCrypto. This level is significant as it aligns with the 20-day exponential moving average (EMA) and the 0.618 Fibonacci level. Recent whale activity indicates a bearish outlook, with the largest cohorts reducing their holdings. The 100 million to 1 billion XRP cohort decreased its share from 11.54% to 9.9%, while the 10 million to 100 million cohort eased from 17.61% to 17.36%. Long-term holders also cut their positions, suggesting weak buy-side support.