XRP whale wallets fall to 339 as exchange reserves rise 50M: analyst

The signal here is the alignment of two distribution indicators: large holders reducing in number while exchange balances climb. That combination matters more than either metric alone, since coins moving onto exchanges typically precede selling rather than accumulation. The analyst's channel framework gives the setup a defined test — whether $1.26 holds as support is the open question, with the cited downside levels contingent on a break. Worth watching is whether the wallet-count decline and reserve build continue in tandem; a reversal in either would weaken the bearish read.