$1 has been breached, but the number of whale wallets keeps rising—today’s $XRP action is a little counterintuitive.
The intraday low hit $0.9967, briefly slipping below the key $1 mark. It’s now around $1.03. XRP has fallen about 30% in seven weeks and roughly 24% over the past month, while the daily RSI has dropped to 21.5, deep in oversold territory.
There’s just one key level: $0.99. Analyst Ali Charts says XRP has fallen from the top of the channel at $1.55 all the way back to its lower boundary. If $0.99 doesn’t hold, the correction could head for $0.80. To the upside, the first levels to watch are $1.05–$1.10, followed by $1.16. Spot ETFs aren’t helping either: they’ve seen net outflows for five straight trading days, totaling around $18 million.
But there’s a contrarian signal on the other side: Santiment data shows there are about 343,500 XRP wallets holding more than 10,000 tokens, up 16,815—or 5.15%—over the past nine months, with growth accelerating in November. Prices are falling while wallet numbers are rising, suggesting whales are quietly accumulating. Of course, wallet addresses don’t equal people; this is only a slow-moving indicator, not a signal that a rebound is imminent.
My take: If $1 holds, it could be the starting point for an oversold bounce. XRP won’t be out of the woods until it gets back above $1.16. A daily close below $0.99 puts $0.90–$0.95 next in line, and $0.80 is a real possibility. Tonight’s PPI release at 21:30 is the next major turning point. $BTC has also just fallen below $70,000, and the whole market is waiting on this one data point. XRP won’t be calling the shots on its own.
The intraday low hit $0.9967, briefly slipping below the key $1 mark. It’s now around $1.03. XRP has fallen about 30% in seven weeks and roughly 24% over the past month, while the daily RSI has dropped to 21.5, deep in oversold territory.
There’s just one key level: $0.99. Analyst Ali Charts says XRP has fallen from the top of the channel at $1.55 all the way back to its lower boundary. If $0.99 doesn’t hold, the correction could head for $0.80. To the upside, the first levels to watch are $1.05–$1.10, followed by $1.16. Spot ETFs aren’t helping either: they’ve seen net outflows for five straight trading days, totaling around $18 million.
But there’s a contrarian signal on the other side: Santiment data shows there are about 343,500 XRP wallets holding more than 10,000 tokens, up 16,815—or 5.15%—over the past nine months, with growth accelerating in November. Prices are falling while wallet numbers are rising, suggesting whales are quietly accumulating. Of course, wallet addresses don’t equal people; this is only a slow-moving indicator, not a signal that a rebound is imminent.
My take: If $1 holds, it could be the starting point for an oversold bounce. XRP won’t be out of the woods until it gets back above $1.16. A daily close below $0.99 puts $0.90–$0.95 next in line, and $0.80 is a real possibility. Tonight’s PPI release at 21:30 is the next major turning point. $BTC has also just fallen below $70,000, and the whole market is waiting on this one data point. XRP won’t be calling the shots on its own.
