XRP Plunges Below $1 as Whale Wallets Accumulate Tokens

XRP broke below $1 on Tuesday for the first time since November 2024, dropping to a low of $0.99057 before buyers pushed it back toward parity.

The token's price has been steadily declining this year, losing over 40% in value and leaving its market cap at around $64 billion.

Alexander Chmiel identified $0.6422 as a potential downside target if XRP confirms a daily close under $1, which would be a significant drop of about 36%. However, Ali Martinez argued that whale wallets quietly accumulating over 380 million tokens last week could signal a turning point for the token.