XRP Holds Key Support Level Amid Whale Selling Activity

A recent correction in XRP's price has led to a surge in whale selling activity and weakening network participation, prompting market analyst Ali Martinez to identify a key support level for traders to watch.

The asset has found critical support around $1.35, where approximately 2.29 billion tokens previously changed hands, according to on-chain data shared by Martinez.

This level remains decisive for the asset's near-term direction following a period of heavy profit-taking and weakening network participation, with daily active addresses declining by more than 90% during the recent correction.

If XRP manages to hold above $1.35 and reclaim the $1.38 level, Martinez believes the next upside targets could emerge at $1.60 and $1.68, where nearly 2 billion XRP previously traded.