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XRP whale wallets drop as $61M XRP moves to exchanges, risking price fall below $1.26 support.

Market News
26 Oct 2026, 16:16 WIB
Coinpaper
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Bearish
XRP whale wallets drop as $61M XRP moves to exchanges, risking price fall below $1.26 support.

XRP is facing selling pressure as the number of large whale wallets holding 10-100 million XRP decreased from 351 to 339, while exchange balances rose by about 47 million XRP, worth roughly $61 million. The price traded near $1.29 but risks falling below the critical $1.26 support level, which could lead to further declines toward $1.11 or even $0.98 if selling continues. Despite growing wallet participation and institutional interest, XRP's price stability depends on holding this support, with upcoming events like Ripple's Swell conference and escrow releases also influencing market sentiment.

As of Oct 26, 2026 20:33 WIB, XRP trades at Rp23.240 on Pluang, down 0.54% in the last day. Despite the recent whale wallet shrinkage and token movements to exchanges noted in the news, XRP's price remains above the lower end of its 52-week range. The market shows strong buying interest with 82% of Pluang order activity on the buy side, and a typical hold time of 72 days, indicating steady investor engagement amid current volatility.

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