Whales Exit, Exchanges Stockpile: XRP Faces Fresh Downside Risk

Analyst Ali Martinez is sounding the alarm on XRP. The number of large wallets holding 10–100 million tokens has slipped from 351 to 339 in recent weeks, while exchange balances have climbed to roughly 11.05 billion XRP — an increase of about 50 million.

The growing supply sitting on trading platforms could quickly translate into heavier selling pressure. On the chart, the $1.26 level marks the lower boundary of the channel that has contained price action since August and now acts as critical support.

A break below that line could open the door to $1.11 first, then $0.98 — a roughly 22 % drop from the current support zone. Martinez ties the bearish outlook to three factors: shrinking whale holdings, rising exchange reserves, and the threat of losing the $1.26 floor.

Based on information from cryptonews.net