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XRP plunges 66 percent but big holders hold on; rebound factors in focus

XRP has slid to around $1.15, down about 66 percent from its July 2025 peak, stoking concern over a prolonged downturn. On-chain data show more than 25 million XRP moved off exchanges and whale wallets holding at least 10,000 tokens hit a record 332,230. Institutional money stayed positive, with spot XRP ETFs drawing $131.94 million in May. Analysts also cite heavy short positioning, oversold indicators and U.S. regulatory developments as key variables.