TLDR
- XRP whales increased their combined holdings by 2.8% over five weeks.
- Micro wallets holding less than 0.01 XRP reduced balances by 5.2%.
- XRP trades near $1.13 after reclaiming its 50-day moving average at $1.117.
- The $1.15–$1.16 zone remains the main resistance area for a bullish breakout.
- MACD momentum has improved, while the histogram has moved into positive territory.
XRP whales increased holdings as the token approached $1.16 resistance after reclaiming its 50-day average. The price now trades near $1.13, while rising support continues to narrow the available trading range. The developing setup links stronger large-wallet demand with improving technical momentum near a key breakout level.
XRP Whales Add Exposure During Price Recovery
Santiment data shows wallets holding 100,000 to 100 million XRP increased combined balances 2.8% over five weeks. XRP whales added exposure while the token formed higher lows above the late-June cycle bottom near $1.01. This alignment places large-wallet activity alongside a gradual recovery in the daily price structure.
Meanwhile, wallets holding less than 0.01 XRP reduced their balances by 5.2% during the same period. The change reflects weaker participation from the smallest wallet group, although its market impact remains limited. XRP whales therefore provide the stronger onchain signal because their positions represent substantially larger token balances.
The contrasting wallet behavior does not confirm a breakout, but it adds context to the current price test. XRP whales accumulated while selling pressure from larger holders appeared to ease across the recent consolidation period. That shift separates the rebound from a move driven only by broad short-term market participation.
Technical Structure Tightens Below $1.16
XRP price trades above its 50-day simple moving average near $1.117, which now supports the recovery. Price also remains above the middle Bollinger Band near $1.11, while the upper band sits around $1.16. XRP whales have accumulated as this narrowing range creates a clearer technical decision point.
A rising trendline from the $1.01 low now meets resistance at $1.15-$1.16. The pattern resembles an ascending triangle, although the market has not confirmed that formation. An inverse head-and-shoulders structure also remains possible, but price must clear the neckline.
The $1.16 level has blocked several recovery attempts since late June and remains the immediate barrier. A daily close above that level would strengthen the breakout case and expose resistance near $1.24. However, failure could return price toward support between $1.11 and $1.13.
Momentum Improves as Breakout Test Approaches
The daily MACD line has crossed above its signal line, and the histogram has turned positive. That development shows improving buying momentum, although price still trades below confirmed breakout territory. XRP whales have supported the rebound, but technical confirmation still depends on a sustained close above resistance.
Source: TradingView
Volume will remain important because a low-volume move could struggle to hold above the current ceiling. Stronger turnover would show broader participation and support the recent improvement across momentum indicators. XRP whales alone cannot confirm continuation without corresponding strength in price and trading activity.
The middle Bollinger Band near $1.11 remains the main short-term support level during the current compression. A break below that area would weaken momentum and return attention toward the psychological $1.10 level. XRP whales remain net accumulators, but the market structure still requires confirmation before establishing a stronger trend.
XRP whales have increased holdings while price tests $1.16 resistance with improving momentum and rising support. The next daily closes will determine whether accumulation aligns with a confirmed breakout or another rejection.
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