XRP Price: XRP Breaks $1.60 as Whale Activity and New Wallet Growth Surge

TLDR

• XRP moved above $1.60 for the first time since February 4, reaching about $1.64.
• Santiment recorded 1,917 whale transactions above $100,000, the highest level in roughly a month.
• XRP Ledger added 3,647 new wallets during the latest price move.
• Binance XRP deposits jumped 663% above the quarterly average, although exchange reserves barely changed.
• Analyst Ali Martinez said a confirmed break above $1.60 could complete an inverse head-and-shoulders pattern targeting around $2.

XRP climbed above $1.60 after extending a multi-day recovery from the $1.25 area. The token was trading near $1.64, up almost 8% over 24 hours in the latest supplied data.

XRP traded between roughly $1.50 and $1.65 during the period. The move carried price through a technical region around $1.56-$1.60 that had previously acted as resistance.

Trading activity on Binance has also increased sharply. Average daily XRP deposits reached about 21.7 million tokens during the week ending September 20.

That figure was around 663% above Binance’s quarterly baseline. However, XRP reserves on the exchange remained near 2.63 billion tokens.

Weekly exchange reserves increased only 0.34%. The data suggests that higher deposits have not produced a comparable rise in XRP held on Binance.

Whale Activity and XRP Wallet Growth Accelerate

Santiment Intelligence said on X that XRP moved above $1.60 alongside 1,917 transactions worth at least $100,000. That was the strongest high-value transaction activity in roughly one month.

🥳 XRP’s market value has now surpassed $1.60 for the first time since February 4th. The breakout arrived alongside 1,917 $100K+ whale transactions, the strongest high-value activity in roughly a month.

🐋 Whale transactions alone don’t prove accumulation, but they show major… pic.twitter.com/w8T59nJo8i

— Santiment Intelligence (@SantimentData) September 22, 2026

Santiment stressed that whale transactions do not show whether large holders are buying or selling. They do show increased repositioning by large wallets while XRP’s price was rising.

Network growth also increased during the rally. Santiment reported 3,647 newly created XRP wallets, showing new addresses entered the network during the move.

The XRP Ledger’s wider asset activity has also expanded. Santiment said tokenized assets and RLUSD balances on XRPL recently reached about $4.26 billion.

Ripple reports roughly $2.4 billion of RLUSD in circulation. Bitwise also filed an updated XRP ETF registration with the SEC on September 18.

XRP’s market capitalization was around $103.6 billion, while 24-hour trading volume stood near $7.3 billion. Price was trading close to its daily high.

Ali Martinez Watches $1.60 Breakout

Crypto analyst Ali Martinez said on X that XRP has rallied 27.6% from $1.25 to $1.58. He said the move appears to have completed the right shoulder of a daily inverse head-and-shoulders pattern.

XRP: BULLISH BREAKOUT

Following a 27.6% rally from $1.25 to $1.58, $XRP appears to have completed the right shoulder of a major inverse head-and-shoulders pattern on the daily chart.

Meanwhile, whales have recently accumulated more than $2 billion worth of XRP.

Now, everything… https://t.co/yWD0rDhj2X pic.twitter.com/5S4R35tt6r

— Ali Charts (@alicharts) September 22, 2026

Martinez also highlighted more than $2 billion of recent whale accumulation. His chart places the key neckline around $1.60.

Martinez said a decisive break above that neckline could confirm the pattern. His technical setup points toward another roughly 30% move, taking XRP toward $2.

Earlier technical analysis had identified $1.80 as another potential level after XRP cleared $1.50. The latest move above $1.60 puts that area between the current price and Martinez’s larger technical target.

As of the latest supplied data, XRP remained around $1.64, with 1,917 large transactions, 3,647 new wallets and elevated Binance deposits recorded alongside the rally.