In recent days, growing activity among major investors in XRP and weakening technical indicators have reignited debate about where the price might find stability next. According to current market data, XRP has dropped 9.18 percent over the past week and is now trading at the 1.16 dollar level.
Whale activity under the microscope
Crypto analyst Ali Martinez has highlighted data from Santiment which shows that large wallets either offloaded or redistributed around 60 million XRP over the previous week. While such redistribution does not always equate to direct selling, these moves are closely watched during periods of heightened market volatility.
Mini glossary: Santiment is a crypto analytics platform that tracks on-chain data and market behavior. The term whale is commonly used to describe investors who hold large quantities of tokens and whose transactions can significantly affect liquidity and overall market sentiment.
The actions of these large investors, or “whales,” are considered major indicators by traders, as they often influence liquidity and market sentiment. The recent activity in XRP comes at a time when selling pressure is intensifying across the crypto market.
Based on Santiment data shared by Ali Martinez, large wallets either sold or redistributed around 60 million XRP over the past week.
Technical outlook highlights 0.92 and 0.87 dollar levels
Market analyst CasiTrades warned that downward risks persist. Drawing on Elliott Wave analysis, CasiTrades noted that XRP has likely entered a third sub-wave of its ongoing correction phase—a stage that typically comes with swift and sharp movements according to technical analysis.
Mini glossary: Elliott Wave analysis is a technical approach that assumes market moves progress in specific wave structures. Fibonacci extension levels use key ratios to help predict where notable support and resistance zones may form.
CasiTrades also pointed out that XRP has now fallen below a crucial support level it had defended for months. According to Fibonacci extension calculations, 0.92 dollars emerges as a significant downward target, while the 0.87 dollar region is seen as an area where renewed buyer demand could emerge.
| Indicator | Level | Meaning |
|---|---|---|
| Current price | 1.16 dollar | Most recent trading zone |
| First downside target | 0.92 dollar | Key technical support level |
| Main support | 0.87 dollar | Potential buyer interest zone |
| Potential rebound level | 1.20 dollar | Possible recovery scenario |
In their analysis, CasiTrades stated that XRP could see a swift pullback to the 0.92 dollar mark, possibly followed by a short-lived rebound towards 1.20 dollars. However, the prospect of testing the support area around 0.87 dollars remains on the table as well.
Cautious sentiment dominates the market
While some investors view this short-term weakness as a reset for the market, these corrections can help flush out excessive leverage and speculative positions. However, whether demand will strengthen again at key price levels is still uncertain.
With whale-driven redistribution picking up and major support zones under pressure, XRP now finds itself at a crucial decision point. For analysts, the 0.87 to 0.92 dollar range stands out as the line between a deeper correction and the foundation for a broader market recovery.
