Just noticed XRP struggling hard right now. Price dropped below that $1.31 level and hit $1.28 earlier this week - pretty rough 4% move in 24 hours with volume picking up on the way down. What caught my attention though is the data underneath. Active addresses on the ledger tanked 42% to around 18k, which usually signals weak conviction. And if that wasn't enough, crypto ETF outflows hit $1.32M on Wednesday after another $2.3M the day before. Feels like institutions are quietly exiting.

The technical picture is messy too. Price is sitting below all the major moving averages (20, 50, 200-day EMAs), RSI is at 38, and the MACD flipped negative. Funding rates went short at -0.0087%, meaning traders are betting downside. One analyst I follow is calling for a drop toward the $1.05-$1.09 range next, with potential support way down at $0.87. CoinGlass shows heavy liquidity clusters in that $0.90-$1.10 zone that could act like a magnet if we keep sliding.

What's interesting is the crypto ETF situation - these outflows combined with weak on-chain activity suggest this isn't just a normal pullback. Futures volume is huge ($3.34B) but spot volume is thin, which tells me leveraged players are driving this more than actual buyers. If $1.28-$1.27 breaks, the next real support to watch is way lower. For now, any bounce back above $1.33-$1.34 could offer a short-term relief trade, but the momentum feels decidedly bearish until something changes.