Major XRP holders have begun selling their tokens, reducing the number of wallets holding between 10 million and 100 million XRP from 351 to 339 over the past few weeks. At the same time, XRP balances on trading platforms rose from 11.003 billion to 11.05 billion tokens, an increase of 50 million XRP that intensifies selling pressure. XRP was trading around $1.30, with $1.26 now representing the main support level to defend. A breakdown could trigger stop-loss orders and push the price toward $1.11, followed by the $0.98 projection cited by analyst Ali Martinez, while holding above $1.26 would stabilize the token within the $1.30–$1.43 range and preserve the possibility of a move toward $1.62.
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