Renowned Analyst Issues a Downturn Warning for XRP: It Could Fall as Low as This Level
Photo: Bitcoin Sistemi
Crypto analyst Ali Martinez, in his latest assessment of Ripple's XRP coin, warned that the price could fall to $0.98 if large investors increase selling pressure. The analyst stated that on-chain data and technical indicators increasingly pose a downward risk for XRP. According to data shared by Martinez, the number of large investor wallets holding between 10 million and 100 million XRP on the XRP Ledger network has decreased from 351 to 339 in the last few weeks. The analyst stated that this decrease of 12 wallets could indicate that large investors are downsizing their positions, potentially increasing selling pressure.
Source: Bitcoin Sistemi
