Analyst Ali Martinez has released new metrics from the Santiment platform indicating that major XRP holders are systematically reducing their positions, a move that threatens the stability of current price boundaries. The data shows a coordinated unloading of wallets that could leave the market vulnerable to a deep correction if selling pressure persists.
Whale Wallet Reduction and Exchange Inflows
Blockchain data reveals a distinct shift in the distribution of large XRP holdings over recent weeks. The number of wallets holding between 10 million and 100 million XRP decreased from 351 to 339 addresses. This decline represents the exit of 12 significant market participants, removing a layer of fundamental support that previously helped dampen price drawdowns.
Concurrently, exchange balances have increased, signaling a rise in sell-side liquidity. The total XRP balance on exchanges rose from 11.003 billion to 11.05 billion tokens. This increase corresponds to an additional 50 million coins accumulating in exchange order books. These tokens now form a supply overhang that could exert downward pressure on the market if external conditions deteriorate.
Price Levels and Technical Scenarios
XRP is currently trading around $1.30 on the 4-hour timeframe. The asset is balancing on the edge of an ascending price channel that buyers have defended since August. Recent profit-taking by large holders has pushed prices toward the trend line, establishing the $1.26 level as the primary operational frontier for the autumn trading period.
The future trajectory of XRP depends on whether this $1.26 level can withstand continued selling. If buyers successfully absorb the current volumes and hold the $1.26 support, the price may stabilize within the $1.30 to $1.43 corridor. In this scenario, there remains a possibility of a renewed attempt to reach the local peak at $1.62.
Conversely, a breakdown below $1.26 would trigger a cascading execution of protective stop orders held by buyers. The first bearish target in this scenario is the intermediate support level at $1.11. If that level is pierced, the downward impulse is projected to continue to a final channel projection mark, where the asset would enter a period of prolonged consolidation. Martinez notes that if large capital continues to dispose of tokens, the XRP price is at risk of losing its footing and crashing to the $0.98 mark.
Frequently Asked Questions
How many XRP whale wallets have exited recently?
The number of wallets holding between 10 million and 100 million XRP decreased from 351 to 339, representing the exit of 12 large holders.
What is the key support level for XRP right now?
The $1.26 level is identified as the main operational frontier. If it breaks, the next support target is $1.11.
