PANews, October 25: Cryptocurrency analyst Ali stated that if large holders continue selling, XRP’s price could drop to $0.98. Data shows that over the past few weeks, the number of wallets holding between 10 million and 100 million XRP decreased from 351 to 339. Meanwhile, the amount of XRP held on exchanges rose from 11.003 billion to approximately 11.05 billion, an increase of about 50 million XRP, and has remained elevated over the past week, suggesting growing selling pressure. Ali noted that $1.26 represents the lower boundary of XRP’s price channel since August. If this support level is breached, the price could first fall to $1.11, with further downside potentially reaching $0.98—about 22% below $1.26.
Analyst Warns of XRP Downside Risk as Whale Wallets Drop to 339 and Exchange Holdings Rise by 50M
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Summary
Analyst Ali highlighted XRP as one of the altcoins to watch, cautioning of downside risks if whale selling continues. The number of whale wallets holding 10M–100M XRP declined to 339 from 351, while exchange inflows increased by 50M XRP to 11.05B. A break below the $1.26 support level could push XRP to $1.11, then $0.98—a 22% decline. Traders are monitoring altcoins for signs of further exchange flows.
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