XRP Crash Under $1 Seen as Buy Opportunity as Whales Turn Bearish
XRP traders are watching a potential further sell-off after a heavy weekly correction. Despite a slight rebound, XRP is around $1.15, down about 12% from last Monday. Analyst Ali Martinez says he is tracking $0.90; a move toward/under $1 could become a “compelling long-term buying opportunity.”
Whale activity is adding downside risk. Over the past week, large holders reportedly sold 60 million XRP, suggesting confidence has weakened and raising the odds of panic selling by smaller investors. Separately, an anonymous whale opened a nearly $1.5M short position on XRP, increasing near-term volatility.
Other voices are more optimistic. Some traders point to a bullish close and argue XRP could bounce if it regains $1.15. There are also calls for a larger rebound, including a projection toward $3.50 by end-June. Institutional demand remains a support factor: XRP ETFs (with XRP as the underlying token) reportedly drew significant capital even during the market downturn.
Bottom line for traders: XRP appears vulnerable to a test of $1 and possibly $0.90, but ETF and bargain-hunting narratives could fuel sharp rebounds. Key levels being discussed are $1.15 (reclaim) and $0.90/$1 (downside).
Bearish
The article’s dominant signal is bearish risk for XRP in the very near term: whale selling of ~60M XRP and a large $1.5M short position suggest supply pressure and higher downside volatility. That makes a drop toward/under $1 and the $0.90 watch level plausible.
However, the piece also includes bullish counterweights (ETF capital inflows and calls for a rebound), so the market impact is not purely one-directional. Historically, when whales increase selling during a bear-market correction, price often overshoots support first (stop runs below round numbers like $1), followed by sharp mean-reversion rallies once “value” buyers step in.
So, traders should expect: short-term bearish pressure (testing lower levels, wider spreads, faster liquidation cascades), but a chance of violent bounce if XRP ETF demand and technical reclaim levels (around $1.15) reassert themselves. Long-term, the buy-the-dip framing around ~$0.90 keeps a constructive bid, but timing remains uncertain.