XRP whale wallets holding 10 million to 100 million tokens dropped from 351 to 339 over recent weeks, while exchange reserves climbed by roughly 50 million XRP to approximately 11.05 billion, according to analyst Ali. The rising exchange balances have remained elevated for the past week, signaling potential selling pressure. Ali warned that if whale distribution continues and the $1.26 support level breaks, XRP could decline first to $1.11 and then to $0.98 — a roughly 22% drop below the key channel boundary formed since August.