XRP has recovered from the $1.05 support zone and is currently trading near $1.11, showing buyers continued defending recent lows after gaining about 5% over 24 hours. The token is now trading between $1.06 and $1.15 with daily trading volume falling more than 15%, according to the latest crypto.news XRP market data. Whales have accumulated 70 million XRP over the past week, reinforcing confidence despite the token's prolonged consolidation below resistance. This whale activity may be carrying XRP as tokens move away from exchanges, though withdrawal activity across major exchanges hasn't quite translated into market pace yet. XRP was trading near $1.11 at the time of writing, which is well below its early 2026 high of around $2.30, despite the price being stable in recent weeks. The Fear and Greed Index sits at 20, deep in extreme fear, reflecting the broader market sentiment affecting all cryptocurrencies.
XRP is testing triangle resistance near $1.12 as buying pressure remains positive, with the token pressing against the upper boundary of a symmetrical triangle after forming lower highs and higher lows since mid-June. The descending trendline sits close to $1.12, while the rising support line approaches the $1.06–$1.08 area. The daily RSI climbed to 48.64 while its signal line reached 47.74, indicating buying strength continued improving despite remaining below the neutral 50 level. The MACD histogram has turned positive at 0.0053, while the MACD line remains below zero and the relative strength index sits at a neutral 49. The daily Fibonacci retracement places immediate resistance at $1.124, followed by $1.215, with a confirmed move through the first level supporting a test of $1.15 before traders turn their attention to $1.20. Analysts view $1.12 as crucial near-term resistance for buyers, with the XRP/USDT chart still showing a broader bearish structure after the token fell from above $2 earlier this year.
Big whale orders are taking the lead in XRP trading activity, with the Spot Average Order Size chart revealing that most recent trades can be classified as "Big Whale Orders." Santiment data shared by crypto analyst Ali Martinez on July 16 showed that wallets holding between 1 million and 10 million XRP increased their combined balance to nearly 3.83 billion tokens, with the accumulation continuing despite volatility linked to the US-Iran conflict. Whale buying coincided with improving sentiment across the XRP market, with 3.02 bullish social media comments for every bearish remark, giving XRP the highest level of fear of missing out among the assets tracked. Users are possibly moving tokens away from the platform, which may reduce the amount of tokens available to sell, with the drop getting harder towards the end of June. Large holders continued increasing their exposure even as XRP traded inside a well-defined range, suggesting institutional-scale investors viewed current prices as attractive rather than risky.
The XRP Ledger surpassed 8 million activated accounts, highlighting continued network adoption across payments, tokenization, DeFi, and AI-related applications. The XRP Ledger attracted $1.9 billion in tokenized real-world-asset flows, contrasting with outflows from competing networks, adding another data point suggesting the ecosystem is attracting capital even as the token price languishes. Nearly 5,000 new wallets were created in a single day in late June, representing the strongest growth spike the network had seen in three months. Recent AI forecasts support a constructive longer-term outlook, with Grok projecting a year-end range between $1.80 and $4.50, while Claude estimated $1.50 to $1.90 as the most likely range and suggested prices above $2.50 would require stronger catalysts. Even with that risk, derivatives sentiment continued aligning with the accumulation trend seen among whales, with Binance's top trader positioning remaining heavily skewed toward longs, with 77.21% of accounts maintaining bullish exposure, leaving the Long/Short Ratio at 3.39.
Binance held 2.61 billion XRP, its lowest reserve level since February, according to CryptoQuant data, with falling exchange reserves suggesting holders are moving tokens away from platforms. CoinGlass data placed XRP futures open interest near $2.50 billion after a 2.65% increase over 24 hours, indicating traders added exposure as XRP recovered. The 24-hour CoinGlass liquidation heatmap shows the strongest nearby liquidity concentrations between $1.117 and $1.13, just above the current price, with additional leveraged positions appearing around $1.14. The 4-hour Chaikin Money Flow reading stands at 0.26, indicating net buying pressure, while the Aroon indicator presents a mixed signal with Aroon Up at 0% and Aroon Down at 57.14%. Binance has also announced an $800,000 XRP airdrop for users holding Ripple USD, running from July 17 through August 14, with the campaign distributing XRP each Friday to eligible users across Binance Earn, Margin, and Futures as the exchange promotes RLUSD adoption.
