XRP whale wallets fall, $61 million flows to exchanges as price tests $1.26 support

XRP is under increased selling pressure as a notable reduction in large-holder wallets coincides with a substantial rise in exchange-associated token balances. The cryptocurrency recently traded close to $1.29, declining about 17% over the last month amid persistent concerns over major investor activity and its potential impact on price momentum. Blockchain analyst Ali Martinez reported that between October 19 and October 25, the number of wallets holding 10 million to 100 million XRP slid from 351 to 339, a net decrease of 12 addresses.

Source: CoinTurk News