XRP slid 12% from last Monday to land around $1.15, according to CoinGecko data, as large holders dumped tokens and one anonymous whale opened a nearly $1.5 million short. The selloff has split the analyst community: some see a deeper drop to $0.90, others call the current level a buying opportunity.
Whale Moves and Short Bets
Over the past week, whales offloaded 60 million XRP — a signal that's rattled smaller investors. Adding to the bearish mood, an anonymous whale opened a short position worth roughly $1.5 million, betting prices will fall further. But not everyone is running. Zach Humphries bought XRP for the first time in two years at $1.09, comparing the entry to when XRP was at $0.50. He's not alone: some commenters have placed buy orders as low as $0.50, a level analyst Ali Martinez called 'not a bad idea.'
Key Levels and Analyst Outlook
Ali Martinez is watching $0.90 as a critical threshold. He suggests a slip to that level could be a compelling long-term buying opportunity. Others doubt XRP will break below $1 at all. On the bullish side, CRYPTOWZRD noted the asset closed bullish and argued a move above $1.15 could open upside. Joshua Dalton went further, predicting a pump to $3.50 by the end of June — a target most consider unreal right now.
Institutional Demand Holds Up
Despite the retail skittishness, institutional interest hasn't evaporated. XRP ETFs are still pulling in substantial capital this month, with pension funds and hedge funds maintaining exposure even as the broader market dips. That flow suggests the selloff may be more about short-term whale repositioning than a structural loss of confidence.
What happens next hinges on whether XRP can hold $1.15 — or if the bears drive it toward Martinez's $0.90 line. Buyers at $0.50 are already waiting, but that's a long way down.
