XRP has slipped to the lower boundary of a rising channel it has held for three months, increasing short-term downside pressure. Markets are watching $1.36 as a key support level as multiple bearish signals emerge at once, including a weaker Smart Money Index, reduced whale holdings and the risk of an EMA dead cross. On-chain and exchange flow data also point to selling pressure, with losses building year to date.

XRP has entered a technical breakout zone that could allow a further 17% rise, but on-chain data point to growing selling pressure and heavy supply near break-even levels. Exchange net position change rose from about 37 million XRP on May 4 to about 46 million XRP on May 5. Glassnode data show 1.57 billion XRP clustered at $1.41 to $1.42, with additional resistance at $1.47 to $1.48.