TLDRXRP whale transactions worth over $1 million dropped by 57% in nine days.The XRP price declined from $1.54 on May 14 to around $1.35.The token recorded five consecutive intraday losses for the first time in two months.Large transactions fell from 157 trades to just 67 during the period.Analyst Ali Martinez linked the drop in whale activity to weakening market participation.XRP whale activity has dropped sharply over the past nine days as large transactions declined across the network. Data shows trades worth at least $1 million fell by 57% while the XRP price also weakened. The slowdown points to reduced participation from large holders during a period of falling prices.XRP Whale Activity Drops as Price Records 5 Straight LossesXRP fell to $1.35 after declining from $1.54 recorded on May 14. The token posted five consecutive intraday losses between May 15 and May 19. The decline marked the first time in over two months that XRP recorded such a streak. The price dropped about 8% during this five-day period. Market analyst Ali Martinez highlighted a drop in large transactions during the same timeframe.In the last 9 days, whale activity on the $XRP network has dropped from 157 large transactions worth over $1 million to just 67 today, representing a 57.3% decline.When large-scale transaction volume thins out like this, it tells me the market could be entering a compression… pic.twitter.com/lVQGjhqVzG— Ali Charts (@alicharts) May 23, 2026According to the data, whale transactions fell from 157 trades to just 67. These trades each represented transfers worth at least $1 million. This equals a 57% decline in large transaction activity within nine days. The reduction aligned closely with XRP’s downward price movement.Martinez stated that large investors reduced participation as prices weakened. He added that this drop reflected lower confidence among major holders. The slowdown in trading activity occurred while XRP traded below $1.40. Selling pressure remained steady throughout the period.Compression Phase Forms as Whales Quietly Accumulate XRPMartinez described the current market state as a compression phase. He said whales appear to be waiting as the price stabilizes within a tighter range. He noted that such conditions often reduce short-term volatility. They also help establish clear support and resistance levels. Despite fewer large trades, some wallets continued accumulating XRP. Data shows selective buying among mid-sized holders during the dip.Wallets holding between 1 million and 10 million XRP increased their balance. Holdings rose from 3.72 billion XRP to 3.79 billion XRP. This group added about 70 million XRP over the observed period. Smaller whale wallets also increased their holdings slightly.Addresses holding between 100,000 and 1 million XRP added around 20 million XRP. Their total rose from 6.31 billion XRP to 6.33 billion XRP. Martinez said the accumulation remains limited in impact on price movement. The broader market still reflects reduced activity from larger participants.He also pointed to a tightening Bollinger Band on the three-day chart. He said it marks the lowest volatility level seen in over a year. Martinez identified $1.50 and $1.29 as key levels to monitor. He called this range a “no-trade zone” in his analysis.He stated that a close above $1.50 could push XRP toward $1.80. A move below $1.29 could weaken the outlook and test $1.00 support. At the time of writing, XRP continues trading near $1.35 while whale activity remains subdued.The post XRP Whale Activity Falls 57% as Price Slides to $1.35 Level appeared first on Blockonomi.