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XRP has reached a make-or-break zone.
Crypto analyst Ali Charts said on X that the token has touched the lower boundary of the descending channel that has defined its price action over the past month.
“XRP looks ready to bounce,” the crypto analyst wrote.
If $1.14 holds as support, XRP could rebound toward the channel’s upper boundary at $1.30. That would be a gain of about 13% from current levels.
“XRP has reached the lower boundary of the descending channel that has defined its price action over the past month,” he shared.
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Whales are buying the dip
In a separate X post, Ali Charts pointed to large holders stepping in. While XRP dropped from $1.34 to $1.15, whales accumulated more than 16.46 million XRP over five days.
The buying is modest, roughly $19 million at current prices. In September, TheStreet reported that whale wallets picked up about 1.54 billion XRP, worth close to $2.2 billion, in just 96 hours.
Whale accumulation is also no guarantee of a rebound. It shows only that some large buyers are willing to take the other side of the selling.
What Ali Charts has flagged before
The analyst has been tracking this price structure for weeks. Last month he shared that XRP was trading inside a parallel channel on the hourly chart. That pattern pointed to a drop toward the lower boundary near $1.25.
A few days later, he warned of further pressure. He identified $1.26 as the lower edge of a channel XRP had traced since August, citing Santiment data that showed whales stepping back.
A break, he said, could send the price toward $1.11 first. The channel pattern ultimately pointed to $0.98, about 22% below $1.26.
XRP has since traded below $1.26, and the focus has moved to the new, lower boundary.
The levels now are simple. A hold at $1.14 keeps the $1.30 target in play. A break below it would bring back the $1.11 and $0.98 targets he flagged earlier.
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