XRP (XRP) wallets holding 10 million to 100 million tokens fell to 339 as exchange holdings climbed, while analyst Ali Martinez marked $1.26 as a possible lower channel edge in his downside scenario.
Wallets in that range were down from 351 in recent weeks. Exchange-held XRP totaled about 11.05 billion, roughly 50 million above an earlier 11.003 billion reading. The balance remained elevated over the past week.
Martinez described $1.26 as a possible lower boundary of the channel XRP has formed since August. A move below that mark would shift his downside case to $1.11. He also identified $0.98 as a deeper level, about 22% below $1.26, and linked it to continued selling by large holders.
XRP traded at $1.29 as of 6:50 a.m. ET (10:50 UTC) Sunday, up 0.76% over 24 hours and 3 cents above $1.26.
EconoTimes previously covered Martinez’s $1.55 XRP objective and conditional $2 setup, which tied the $2 scenario to holding $1.25 and a sustained close above $1.56.
