Analyst Warns XRP Could Drop to $0.80 as Whale Selling and Falling Network Activity Raise Downside Risk
Analyst Ali Martinez warns XRP faces downside risk to about $0.80 as on-chain fundamentals weaken and large holders increase selling. Martinez highlights a decline in daily active addresses on the XRP Ledger to roughly 38,500, signaling cooling network participation. At the same time, whales have moved more than 40 million XRP into net selling over several days, reducing large-holder balances and adding supply pressure. Technically, Martinez identifies $1.77 as a critical support level; a sustained break below that level would expose a volume-based support band near $0.79–$0.80. The analysis combines on-chain metrics (active addresses, whale transfers, exchange flows) with price structure and volume distribution to argue that continued selling and weaker network activity raise the probability of a deeper pullback. Traders should watch whale transfers to exchanges, monitor volume around $1.77, and apply risk management (position sizing, stop-losses, diversification). Broader macro and regulatory developments could change the outlook; this is informational, not financial advice.
Bearish
The combined reports point to increased downside risk for XRP. Falling daily active addresses indicate weakening network participation, which can reduce organic demand and market resilience. Concurrent whale net-selling of over 40 million XRP increases supply pressure and the chance of large sell-side events, especially if transfers head to exchanges. Technically, the $1.77 level is a key short-term support; a sustained break would likely trigger stop-losses and momentum selling toward the next volume support near $0.79–$0.80. Short-term impact: heightened volatility and downside pressure as traders react to whale flows and on-chain signals. Long-term impact: depends on whether network activity recovers or selling abates — persistent declines in active addresses and sustained selling by large holders would maintain bearish pressure, while normalization of on-chain metrics or positive macro/regulatory news could stabilize or reverse the trend. Traders should prioritize monitoring whale transfers, exchange flows, and volume at $1.77, and use strict position sizing and stops to manage risk.