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Analyst Ali: XRP May Drop to $0.98 if It Falls Below $1.26

Crypto analyst Ali stated that the current price of $1.26 may represent the lower boundary of the price channel for XRP formed since August. If this support level is breached, the price could first decline to $1.11, and further downward movement could reach $0.98, which is approximately 22% lower than $1.26. Ali believes that if large whales continue to sell off, the price of XRP could drop to $0.98. Data shows that in recent weeks, the number of wallets holding between 10 million and 100 million XRP has decreased from 351 to 339. Meanwhile, the amount of XRP held by exchanges has increased from 11.003 billion to about 11.05 billion, an increase of approximately 50 million, and has remained high over the past week, indicating a potential increase in selling pressure.

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