Can XRP price hold $1.26 as selling pressure builds?

XRP price has recovered to $1.30 on October 25, gaining approximately 1.56% over 24 hours, although falling whale-wallet counts and higher exchange balances have raised concerns about another sell-off. Summary XRP price recovered to $1.30 on October 25 but remained nearly 17% lower over the past month. Wallets holding 10 million to 100 million XRP reportedly declined from 351 to 339. Exchange balances rose by approximately 47 million XRP, according to figures shared by analyst Ali Charts. Spot XRP ETFs recorded no net inflows on October 23 after attracting $3.55 million the previous day. Analysts identified $1.26 as critical support, with $1.11 and $0.98 among the bearish targets. According to crypto.news market data, the cryptocurrency traded between $1.26 and $1.31 during the reporting period, with daily trading volume near $1.33 billion. Despite Sunday’s recovery, XRP price remained 16.93% lower over the past month and had lost 0.61% during the preceding seven days. Why is XRP price struggling despite its recovery? XRP’s latest gain followed several days of weak trading as the cryptocurrency struggled to maintain support near $1.30. Buyers pushed prices above that level on Sunda...