Large XRP Transfers to Exchanges Raise Threat to Key $1.26 Support

A sustained break below $1.26 would likely open a path to $1.11 then $0.98 as more XRP lands on exchanges and ETF inflows have cooled.

Overview

On October 25 analysts reported that wallets holding 10 million to 100 million XRP fell from 351 to 339, which signals some large holders have reduced exposure.
Exchange-held XRP rose by about 47–50 million tokens, an increase that adds potential sell-side supply if owners convert those balances to market sales.
XRP is trading near $1.29, roughly 2.4% above the $1.26 channel floor that analysts say must hold to prevent deeper losses.
Analysts frame the downside as conditional: a confirmed break below $1.26 would first expose $1.11 and then $0.98, while current data do not prove that transfers equal completed sales.
Institutional demand has softened with U.S. spot XRP ETFs reporting no net inflows on October 23, even as on-chain activity shows record non-empty wallets and continued network use.