XRP Faces $0.98 Risk as Analysts Disagree on Outlook
XRP has fallen below $1.30 after being rejected near $1.40, leaving traders focused on key support and conflicting analyst forecasts. Ali Martinez warned that XRP could fall to $0.98 if large holders continue reducing their positions and exchange balances keep rising. Wallets holding 10 million to 100 million XRP declined from 351 to 339, while exchange balances rose from 11.003 billion to 11.05 billion tokens. Martinez identified $1.26 as critical support; a break could expose $1.11 and then $0.98. EGRAG CRYPTO sees a possible triple bottom instead, arguing that a weekly close above the 44-week moving average could support a strong rally. XRP’s near-term direction may depend on whether it holds $1.26 and recovers that moving average.
Bearish
The immediate setup leans bearish: XRP has slipped below $1.30 after failing near $1.40, while Martinez cites fewer large-holder wallets and rising exchange balances. Such transfers can indicate greater potential supply available for sale, although exchange balances alone do not prove that selling will follow. A decisive break below the cited $1.26 support could prompt stop-loss orders and technical selling, with $1.11 and $0.98 identified as possible downside levels. Similar support breaks in crypto markets can accelerate short-term moves when traders reduce risk, but the price response is not guaranteed and can reverse quickly.
The outlook is not one-sided. EGRAG CRYPTO sees a possible triple bottom and identifies a weekly close above the 44-week moving average as a bullish signal. If XRP holds support and reclaims that average, short covering and renewed buying could instead strengthen a recovery. In the near term, traders are likely to watch $1.26, exchange-flow data, large-holder activity and the weekly moving average for confirmation. Longer term, the article offers no definitive catalyst; a sustained direction would depend on whether accumulation or distribution becomes clearer. The bearish rating reflects the current price weakness and downside risk, not certainty that XRP will reach $0.98.