Increasing large investor movements and weakening technical indicators in XRP in recent days have brought the discussions about at what level the price can stabilize to the agenda again. According to market data, XRP decreased by 9.18% in the last week and traded at $ 1.16.
Whale movements are closely monitored
According to cryptocurrency analyst Ali Martinez, Santiment data showed that major wallets disposed of or distributed approximately 60 million XRP to different addresses in the last week. Although such redistributions do not always mean direct sales, they are strictly monitored before periods of increased market volatility.
Mini dictionary: Santiment is a crypto analysis platform that tracks on-chain data and market behavior. Whale, on the other hand, is generally used for investors who hold large amounts of tokens and can influence liquidity and market perception with their transactions.
It is considered an important signal by traders as the movements of large investors can have an impact on liquidity and market psychology. The latest movement in XRP coincided with a period when selling pressure increased in the overall cryptocurrency market.
According to Santiment data shared by Ali Martinez, major wallets sold or redistributed approximately 60 million XRP in the last week.
$0.92 and $0.87 stand out in the technical outlook
Market commentator CasiTrades stated that downside risks continue. In his assessment based on Elliott Wave analysis, he noted that XRP may have entered a downward phase, seen as sub-wave 3, during the current correction process. This phase is generally associated with hard and fast movements in technical analysis.
Mini glossary: Elliott Wave analysis is a technical analysis approach that assumes market movements progress within certain wave structures. Fibonacci extension levels are based on ratios used to calculate possible support and resistance zones.
CasiTrades emphasized that XRP has fallen below an important support level that it has maintained for months. While he highlighted the $0.92 region as a critical downside target according to Fibonacci extension levels, he also stated that the $0.87 level was watched as an important support area where buyer interest could intensify.
| Indicator | Level | Meaning |
|---|---|---|
| Current price | $1.16 | Last trading zone in the market |
| first down target | $0.92 | The prominent level in technical analysis |
| main support | $0.87 | Region where strong buyer interest can be observed |
| Possible response level | $1.20 | Temporary recovery scenario |
In its assessment, CasiTrades stated that XRP may first experience a rapid retreat to $0.92, then a temporary reaction towards $1.20, but the possibility of retesting the support around $0.87 remains on the table.
Cautious atmosphere remains in the market
Some investors see this pullback as a reset for the market, despite the short-term weakness. Such corrections can help clear overleveraged trades and speculative positions. However, it remains unclear whether demand will regain strength at key price levels.
With whale-driven redistribution increasing and key support areas coming under pressure, XRP is at a critical threshold for direction. For analysts, the $0.87 to $0.92 range stands out as the key zone that could mark the difference between a deeper correction and the backdrop for a broader recovery.
