Crypto analyst Ali Martinez (@ali_charts) has been tracking a series of converging signals across the XRP market that could send the asset to $0.98. His analysis covers whale behavior, exchange balances, and a technical chart pattern that carries serious implications for near-term price direction.
Large Holders Are Reducing Exposure
Martinez observed that some of the largest whales on the XRP Ledger appear to be cutting their positions. He noted that the number of wallets holding between 10 million and 100 million XRP has dropped from 351 to 339 over the past few weeks.
The analyst stated this decline raises the possibility of growing selling pressure. Fewer large-holder wallets active in that range is a notable shift in the distribution of XRP supply.
2/5 Some of the largest whales on the XRP Ledger appear to be reducing their exposure.
The number of wallets holding between 10 million and 100 million $XRP has fallen from 351 to 339 over the past few weeks.
That decline raises the possibility of growing selling pressure. pic.twitter.com/xgh8WVtJrD
— Ali Charts (@alicharts) October 25, 2026
Exchange Balances Are Rising
He then highlighted an upward movement in exchange-held XRP. Martinez reported that $XRP held on exchanges has climbed from 11.003 billion to roughly 11.05 billion over the past week. That is approximately 50 million more XRP sitting on trading platforms.
He noted that if large holders continue moving tokens to exchanges, more supply could become available to sell. Rising exchange balances often precede increased selling activity in crypto markets.
A Key Technical Level to Watch
Martinez shifted to technical analysis and identified $1.26 as a critical support level. He explained that XRP has been forming a channel boundary at that price since August.
He stated that a break below that support “could first send XRP toward $1.11.” The channel pattern, in his view, ultimately points to $0.98, roughly 22% below the $1.26 level.
The Bearish Case Comes into Focus
The analyst’s 4-hour chart for XRP showed price action compressing near the lower boundary of the channel. With the $1.26 level in focus, the chart illustrated how proximity to that support becomes increasingly relevant given the on-chain activity he had already outlined.
Martinez then summarized the bearish scenario. He identified three core factors driving the outlook: “fewer large-holder wallets, elevated exchange balances, and a break below $1.26.” Each element reinforces the others.
The combination of declining whale wallet counts, growing supply on exchanges, and a deteriorating technical structure creates a cohesive case for downside pressure on XRP in the near term. Whether the $1.26 level holds will be critical for determining if the $0.98 target comes into play.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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