TLDR
- XRP whales accumulated 70 million tokens between July 11–15, pushing combined whale holdings to 3.83 billion XRP.
- Binance XRP reserves dropped to 2.61 billion, the lowest level since February 2026.
- XRP is trading near $1.11, testing resistance inside a symmetrical triangle pattern.
- Futures open interest rose to $2.5 billion, with key liquidation clusters between $1.09 and $1.14.
- Binance launched an $800,000 XRP airdrop for RLUSD holders, running July 17 through August 14.
XRP is trading near $1.11 after recovering more than 5% from a recent low around $1.05. The rebound has come alongside a week of heavy whale buying and shrinking exchange supply.
Santiment data shared by crypto analyst Ali Martinez showed that wallets holding between 1 million and 10 million XRP increased their combined balance from approximately 3.71 billion to 3.83 billion tokens between July 11 and July 15. That represents roughly 70 million XRP added by large holders in just one week.
At the same time, Binance XRP reserves fell to 2.61 billion tokens, their lowest level since February 2026. Exchange balances have dropped from over 3 billion XRP in late 2025. Lower exchange reserves mean fewer coins are immediately available for selling, though this does not guarantee price increases.
Binance’s XRP Reserves Stabilize at Their Lowest Level Since February
“If this trend continues alongside improving demand, it could help ease selling pressure over the medium term.” – By @ArabxChain pic.twitter.com/THfjKcbIFD
— CryptoQuant.com (@cryptoquant_com) July 15, 2026
Cooling US inflation data also supported broader crypto sentiment. Recent consumer and producer price readings weakened expectations for tighter monetary policy, helping XRP recover from its recent lows.
Triangle Pattern Puts $1.12 in Focus
On the 4-hour chart, XRP is pressing against the upper boundary of a symmetrical triangle. The descending trendline sits near $1.12, while rising support approaches the $1.06–$1.08 area. A break above $1.12 could open the door toward $1.1843, the July 4 swing high.
The 4-hour Chaikin Money Flow reads 0.26, showing net buying pressure. The daily MACD histogram has turned positive at 0.0053. However, the RSI sits at a neutral 49 on the daily chart, and TradingView’s technical summary rates XRP/USD as neutral overall.
Market analyst DukesMarketAnalysis noted that buyers have yet to produce a convincing break above $1.12. “A sustained break above resistance would strengthen the bullish case considerably,” the analyst wrote.
Analyst Ali Charts posted that the monthly chart is showing a TD Sequential buy signal, while the hourly chart shows XRP consolidating inside a symmetrical triangle. He noted that a breakout above $1.13 could open the path toward a 20% rally to $1.35.
XRP: BREAKOUT AHEAD!?
The monthly chart is flashing a TD Sequential buy signal, while the hourly chart shows $XRP consolidating inside a symmetrical triangle.
A breakout above $1.13 could open the door to a 20% rally toward $1.35. https://t.co/LSkn4NoAWP pic.twitter.com/8LtBFkCSOE
— Ali Charts (@alicharts) July 16, 2026
Derivatives Market Adds Pressure Around Current Levels
CoinGlass data shows XRP futures open interest near $2.50 billion, up 2.65% over 24 hours. The 24-hour liquidation heatmap shows dense liquidity between $1.117 and $1.13 just above current price, with additional positions around $1.14.
Below the market, another liquidity cluster sits at $1.09–$1.10. A failure to hold that zone could expose support near $1.06.
Binance also announced an $800,000 XRP airdrop for users holding Ripple USD, running from July 17 through August 14, distributing XRP each Friday to eligible accounts across Binance Earn, Margin, and Futures.
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