XRP has experienced a significant downturn, losing over 23% of its value recently, yet whale activity indicates strong accumulation, with 110 million XRP purchased in the last 24 hours. Despite trading 28% below its multi-year high, XRP remains above a critical support level at $1.90, suggesting potential for recovery if it can break through resistance at $2.60. However, market sentiment remains fragile, and a failure to maintain support could lead to further declines.