Renowned analyst Ali Martinez, citing Santiment data, warned that XRP could face downside risk and potentially drop to $0.98 if whales continue to sell off. Data shows that the number of whale wallets holding 10 million to 100 million XRP has decreased from 351 to 339, indicating that 12 large wallets are reducing their holdings. Meanwhile, XRP balances on exchanges have increased from 11.003 billion to 11.05 billion, with an additional 50 million tokens flowing in, creating a potential supply overhang. XRP is currently trading near $1.30, with $1.26 being a critical support level. A break below this level could trigger stop-losses and lead to a further decline to $1.11.