Ripple’s native token XRP has dropped to $1.15 for the first time in several months, but several indicators are now moving in the opposite direction, according to crypto analysts.
Whale Accumulation
Popular analyst Ali Martinez noted that large holders returned to the XRP scene after the asset was rejected at $1.34 earlier this month and crashed to the $1.15 low. On-chain data show whales accumulated nearly 16.5 million tokens during this period, creating what Martinez describes as a striking divergence between falling prices and growing large-wallet exposure.
Buying Pressure Recovers
Fellow Ripple commentator BankXRP highlighted another divergence on Binance. The 14-day moving average of XRP’s Taker Buy/Sell Ratio is climbing back toward 1.0 even as the token’s price keeps dropping. The metric tracks aggressive buying relative to selling, suggesting buy-side pressure is beginning to recover despite continued weakness in spot prices.
BankXRP separately described current fear across the XRP community as unlike anything he had seen before. Social mood around XRP has dropped to its weakest level since July, which Martinez previously argued could be contrarian from a constructive perspective.
Mixed Analyst Views
CrediBULL Crypto is leaning toward a rebound, saying XRP’s next major move is likely a rally of more than 40%. Nevertheless, he acknowledged that lower-timeframe price action has been difficult to navigate recently.
Celal Kucuker is not certain the token has bottomed. In a recent analysis, Kucuker commented that XRP could still test the $1.05-$1.10 region before reversing. Once the move breaks the descending trendline, he expects a much more aggressive advance toward a target of $4.15, which could mimic the token’s major 2024-2025 rally.
Dark Defender has repeatedly outlined $1.12 as crucial support, as the level acted as resistance throughout the July and August declines. Although XRP dipped below it in August on a few occasions, it finally rebounded well above it, and the analyst now expects the former ceiling to serve as a major floor. He maintained that the broader Elliott Wave structure remains intact while XRP holds that region. He believes the current weakness represents the latter stages of Wave 2 rather than the start of a prolonged collapse, and calls for an eventual Wave 3 expansion with targets well above current levels.
