According to CoinDesk, the price of XRP has dropped to its lowest level in 15 weeks, pushed down by strong selling pressure despite detected accumulation movements, such as the recent outflow of over 25 million XRP from cryptocurrency exchanges.

The media outlet assessed, "XRP showed a downward trend from $1.3384 to $1.3208, briefly dipping to $1.314 during the day before making a slight rebound around $1.32." It then analyzed, "Recording a trading volume of 55.03 million, the breakdown of the $1.3320 support line triggered the full-fledged decline."

Regarding the price outlook, the media outlet explained, "As selling volume pours out with every rebound attempt, the accumulation signals are not yet properly reflected in the price." It added, "Even though the cumulative inflow into spot XRP ETFs reached approximately $1.42 billion, it was insufficient to stop the downward trend."

Regarding the short-term direction, it predicted, "For now, $1.31 acts as a key support line, and if this line is broken, $1.28 and $1.20 will once again act as important variables." Conversely, it projected, "If it breaks above $1.34, a sharp rally could occur as large-scale short (short-selling) positions accumulated in the $1.34 to $1.40 range are liquidated in succession."