Analyst Analysis: XRP Faces Risk of Falling to $1

Renowned analyst Ali Martinez has once again issued a warning to XRP holders, stating that under intense selling pressure from whales, the token could drop to $1.

Due to macroeconomic headwinds, the overall cryptocurrency market has remained sluggish in recent weeks, triggering a large number of liquidations of highly leveraged positions. It is against this backdrop that this warning was issued.

Meanwhile, Martinez emphasized on Twitter that the decline in XRP's price is particularly notable, pointing out that this is mainly due to aggressive selling by large holders, rather than just overall market weakness.

XRP Whales Continue to Sell Off

According to his disclosure, in the past four weeks, whales have sold about 1.18 billion XRP, significantly increasing the selling pressure on the asset.

In a subsequent tweet, Martinez noted that large investors, commonly referred to as "whales," held about 4.8 billion XRP as of November 24, 2025. However, this week, the number of XRP held by whales has dropped to 3.62 billion. This decline reflects a reduction of about 1.18 billion XRP in whale wallets.

Price Impact

This wave of distribution has already begun to reshape XRP's price structure. According to Martinez, the ongoing distribution will alter XRP's price trend. Whale selling caused the XRP price to fall below the key support level of $1.92. Now, he believes... XRP faces the risk of a larger correction.

He specifically pointed out that if the downward momentum continues and buyers fail to reclaim the lost support level, the price could fall to $1. Currently, the price is around $1.93, and a drop to $1 would represent a sharp decline of 48.18%.

It is worth noting that the last time XRP traded around $1 was in mid-November. At that time, the overall market's bullish momentum, driven by optimism following Donald Trump's re-election, also led to a significant surge in XRP's price, which eventually reached $3.65 in July 2025.

However, due to deteriorating macroeconomic conditions, XRP has since given back most of its gains. Liquidations have increased in the futures market.

Earlier this week, XRP fell below the psychological support level of $2, dropping to an intraday low of $1.86. However, XRP has since rebounded, returning to around $1.92 and is currently trading near that level.

ETF Buys XRP, Whales Sell

Although Martinez warns that continued whale selling could lead to a decline in XRP's price, the overall XRP community remains optimistic. Many investors believe that, driven by the buying frenzy for spot XRP ETFs, XRP's price may soon rebound.

Notably, these products have attracted a total capital inflow of $1.01 billion, with total net assets of about $1.16 billion.

Ripple's CEO recently highlighted the strong performance of spot XRP ETFs, emphasizing that over the past 30 days, these ETFs have maintained continuous capital inflows without any outflows.

Therefore, some community members believe that sustained institutional demand through ETFs could lay the foundation for a new rally, similar to the price surges experienced by bitcoin and ethereum earlier this year.

Spot XRP ETFs have seen net inflows for 30 consecutive days‼️

— Brad Garlinghouse (@bgarlinghouse)December 16, 2025