This comes as the XRP price continues to struggle, putting it at risk of a further decline, especially with concerns that Bitcoin may already be in a bear market<\/a>. Crypto analyst Ali Martinez also predicted<\/a> that XRP could drop to as low as $1.73 if it loses the $2.15 support level.\u00a0<\/p>\n Meanwhile, XRP continues to face significant selling pressure despite increased institutional adoption through the launch of Canary\u2019s XRP fund<\/a>, with more XRP ETFs also set to launch. Santiment data<\/a> shows that whales holding between 1 million and 10 million coins recently sold almost 200 million coins in the space of 48 hours.\u00a0<\/p>\n This may just be the start of a larger sell-off following Glassnode\u2019s recent revelation<\/a>. The on-chain analytics platform revealed that the share of XRP supply in profit has fallen to 58.5%, which is the lowest since November 2024, when the price was trading at around $0.53. Glassnode further noted that despite XRP trading 4x higher now, 41.5% of its supply (around 26.5 billion) sits in loss, which it claimed is a \u201csign of a top-heavy and structurally fragile market\u201d.<\/p>\n Crypto analyst CasiTrades stated<\/a> that XRP is still likely making its way down to the macro .5 fib support at $2.03. She claimed that the move is playing out perfectly as Wave 2s are corrective and that the choppiness is exactly how the market should behave. The analyst further revealed that the only invalidation of the drop to the $2.03 support<\/a> is a decisive break above the macro .382 level at $2.41.\u00a0<\/p>\n CasiTrades explained that this $2.41 level remains the line in the sand and that, as long as XRP stays below it, the structure points to a final sweep of $2.03. She also raised the possibility of a drop to the \u201cstill-valid\u201d macro target at $1.65, which is the .618 fib level. The analyst noted that Wave 2 corrections commonly reach the .618 and that the longer XRP ranges without breaking resistance, the more probable a drop to that level becomes.\u00a0<\/p>\n CasiTrades stated that a move to $1.65 would not be bearish, as it would build the kind of momentum needed for a powerful macro Wave 3 to new all-time highs (ATHs). She has predicted that XRP could rally to a new ATH of as high as $10.\u00a0<\/p>\n![\"XRP\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/XRP-chart-from-Ali-Martinez.png?w=512&resize=512%2C173\")
<\/p>\nMacro Structure Points To A Decline To $2.03<\/h2>\n