XRP whale wallet count falls to 339 as exchange balances climb, Santiment data shows
In brief
- XRP wallets holding 10M to 100M tokens fell from 351 to 339, per Santiment data.
- XRP exchange balances rose from 11.003 billion to 11.05 billion tokens, roughly 47 million more.
- U.Today identified $1.26 as XRP's key support, with XRP near $1.30 at publication.
- U.Today's bearish scenario puts $1.11 first, then $0.98 if large holders keep selling.
What the on-chain data shows
Analyst Ali Martinez published the figures from Santiment, and U.Today reported that 12 addresses dropped out of the 10 million to 100 million XRP bracket (351 down to 339). It's the whale cohort that traders tend to watch.
Exchange supply is the second data point. Total XRP held on exchanges went from 11.003 billion to 11.05 billion tokens, per the same report. U.Today described the inflow as an extra 50 million coins forming a supply overhang, though the two balances it cited work out to roughly 47 million XRP.
Is that selling? The data can't say.
U.Today read it as distribution. The outlet said large holders had started selling from their wallets, which it said could leave the market with less support. The numbers themselves show fewer wallets in the bracket and more tokens on exchanges; they don't show why.
The levels U.Today is watching
On the 4-hour chart, XRP was trading around $1.30 when U.Today's article was published. That put it at the edge of an ascending price channel the outlet said buyers had defended since August.
U.Today identified $1.26 as the key support. If it holds, the outlet wrote, XRP could stay in a $1.30 to $1.43 range and keep room for another test of the $1.62 local peak.
A break below $1.26 is the bearish branch. Here's how U.Today framed the first step:
the bears' first target will be the intermediate support level at the $1.11 mark
From there, U.Today projected XRP could fall to $0.98 if large holders kept selling.
Reading the scenario
These are U.Today's chart levels, not a forecast from us. The $0.98 figure is conditional (it depends on big holders continuing to sell), and the on-chain side of the argument rests on two numbers: 12 fewer whale wallets and roughly 47 million more XRP sitting on exchanges.
That's a narrow base for a call that far down, and U.Today's own bullish branch (a hold at $1.26, a $1.30 to $1.43 range, another look at $1.62) comes from the same chart.
So it comes down to two things. Does $1.26 hold, and do exchange balances keep climbing?
Frequently asked questions
How much XRP moved onto exchanges according to Santiment data?
Total XRP held on exchanges rose from 11.003 billion to 11.05 billion tokens, according to Santiment data reported by U.Today. U.Today described this as about 50 million additional coins, but the two balances it cited differ by roughly 47 million XRP.
What XRP support levels is U.Today watching?
U.Today identified $1.26 as XRP's key support. Holding it could keep XRP in a $1.30 to $1.43 range with room to retest the $1.62 local peak. A break lower would make $1.11 the first downside target, and U.Today projected $0.98 if large holders kept selling.
