Add as a preferred source on GoogleXRP Analyst Marks $1.26 Support and $0.98 as Deeper Downside
Ali’s conditional scenario puts $1.11 below $1.26, while wallet and exchange figures may indicate added selling pressure.
XRP traded at $1.29, up 0.79% over 24 hours, as of 10:44 UTC Sunday (6:44 a.m. ET). Analyst Ali identified $1.26 as the possible lower edge of a price channel XRP has formed since August.
Ali’s scenario puts $1.11 in view if XRP falls below $1.26, with $0.98 as a deeper level. The $0.98 level is about 22% below $1.26. Ali tied it to continued selling by large holders.
The number of wallets holding 10 million to 100 million XRP declined to 339 from 351 in recent weeks. XRP held on exchanges rose by roughly 50 million to about 11.05 billion from 11.003 billion and remained elevated over the past week. The shifts may signal increased selling pressure.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.