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. These large wallets, valued between $13 million and $130 million at $1.30 per token, are typically seen as indicators of whale sentiment in the market. A reduction in wallets within this tier does not always mean major holders are selling off their assets.

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