XRP Could Fall to $0.98 if $1.26 Support Breaks
XRP could face further downside if it breaks below the $1.26 support level, according to crypto analyst Ali. The level is seen as the lower boundary of a price channel formed since August. Ali said XRP could first fall to $1.11, with $0.98 as a further downside target—about 22% below $1.26—if whale selling continues.
On-chain figures point to possible selling pressure: wallets holding 10 million to 100 million XRP declined from 351 to 339 in recent weeks, while XRP held on exchanges rose by about 50 million, from 11.003 billion to roughly 11.05 billion. These trends may indicate increased potential supply, but do not confirm that holders have sold or will sell. Traders may watch the $1.26 support, exchange balances and whale activity for signs of whether XRP can stabilize.
Bearish
The report is bearish for XRP in the near term because it highlights a possible break below $1.26, with downside levels at $1.11 and $0.98. The decline in wallets holding 10 million to 100 million XRP, alongside a roughly 50 million increase in exchange balances, may add to traders’ concerns about potential selling supply. Exchange inflows and rising balances are often watched as possible sell-pressure signals, though they do not establish that a sale has taken place.
If XRP loses $1.26, short-term traders may react by reducing exposure or placing stop orders, potentially amplifying volatility toward the cited levels. Conversely, a hold or recovery above support could weaken the bearish setup and prompt short covering. Similar market episodes show that whale-balance changes and exchange reserves can shape sentiment, but do not reliably predict price direction on their own; broader crypto-market conditions, liquidity and actual trading volume also matter.
Over the longer term, this report alone does not establish a lasting trend. Traders should treat the price targets as analyst scenarios, not certainties, and monitor whether support breaks on meaningful volume and whether exchange balances continue rising.