Analyst warning XRP Downside risk: Number of whale wallets falls to 339 wallets, exchange reserves increase by approximately 50000000 coins
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AT A GLANCE
Analyst Ali said that the decrease in whale wallets and rise in exchange reserves could increase XRP downside risk.
Article
Analyst warning XRP Downside risk: Number of whale wallets falls to 339 wallets, exchange reserves increase by approximately 50000000 coins
PANews October 25 reported that crypto analyst Ali stated that if whales continue selling,XRP price could fall to 0.98 USD. Data shows that over the past few weeks, the number of wallets holding 10000000 to 100000000 coins of XRP fell from 351 wallets to 339 wallets; meanwhile, the amount of XRP held by exchanges rose from 11003000000 coins to approximately 11050000000 coins, an increase of approximately 50000000 coins, and remained elevated for the past 1 weeks, potentially indicating increased selling pressure. Ali noted that 1.26 USD is the lower boundary of the price channel formed by XRP since August. If this support level breaks, the price could first decline to 1.11 USD, and further downside could reach 0.98 USD, approximately 1.26 USD below 22%. This bearish assessment is mainly based on large-holder...
PANews reported on October 25 that crypto analyst Ali said that if whales continue selling,XRP the price could fall to 0.98 USD。
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Over the past few weeks, the number of wallets holding 10000000 to 100000000 coins XRP fell from 351 wallets to 339 wallets.
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The amount of XRP held by exchanges rose from 11003000000 coins to approximately 11050000000 coins; the report described the increase as approximately 50000000 coins.
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The report stated that the amount of XRP held by exchanges remained elevated for the past 1 weeks, potentially indicating increased selling pressure.
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Ali referred to 1.26 USD as XRP the lower boundary of the price channel formed since August, and said that if it breaks, the price could first reach 1.11 USD, with further downside potentially reaching 0.98 USD。
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0.98 USD approximately 1.26 USD lower than 22%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Whale wallets are wallets holding large amounts of XRP. The report shows that the number of such wallets has decreased, while the amount of XRP held by exchanges has increased. Based on this, the analyst is concerned that the amount of XRP available for sale may increase, and regards 1.26 USD as a support level requiring attention. However, 1.11 USD and 0.98 USD are merely possible targets proposed if the support level breaks, not price outcomes that have already occurred.
Why it matters to readers
Changes in large holders’ positions and exchange reserves are often used to observe potential selling pressure. If XRP breaks the 1.26 USD support level cited by the analyst, his bearish assessment may receive more attention.
Beginners should distinguish reported data from analyst forecasts: wallet numbers and exchange reserves are data from the report, while future price targets are conditional views and should not be regarded as certain outcomes.
Risks and unknowns
The evidence does not provide Ali’s original post, so his complete wording cannot be verified.
The evidence does not provide the original on-chain data, the methodology for defining wallet statistics, or the methodology for calculating exchange reserves.
A decrease in whale wallets does not mean that these holders have already sold, and an increase in exchange reserves does not guarantee that selling will occur.
Whether selling will continue, whether 1.26 USD will break, and whether it can reach 1.11 USD or 0.98 USD cannot be confirmed.
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The text is truncated at “large holdings...”; the basis for the complete analysis is unknown.
Related concepts
Whale wallets
This term is not in the glossary yet. Browse related concepts in the glossary.
