XRP remains under the $1.20 price mark even after large investors purchased around 70 million XRP tokens in the past week. This strong buying activity typically signals confidence from major holders, but the token has not yet broken through this resistance level.
The price recently recovered from lows near $1.05 and now trades around $1.10 to $1.12. Even with this recovery, XRP faces pressure near the $1.20 zone. Many traders are watching to see whether the token can finally move above this level or continue trading within its current range.
Whale Buying Shows Confidence
Blockchain data from Santiment shows that addresses holding between 1 million and 10 million XRP accumulated nearly 70 million tokens during the week. After this buying spree, the total XRP held by these wallets rose to 3.83 billion units.
Large investors, often called whales, typically accumulate cryptocurrencies when prices are stable rather than waiting for major price increases. This behavior raises interest because it implies a positive outlook on the coin.
A further positive development comes from Binance. According to CryptoQuant, the exchange’s XRP reserves have dropped to a five-month low. A decline in exchange-held tokens can reduce immediate selling pressure because fewer assets are available for trading.
Price Still Faces Resistance
Despite increased whale buying, XRP has not broken through the resistance zone between $1.12 and $1.20.
The nearest support area sits between $1.05 and $1.08. As long as the price stays above this zone, the market structure remains stable. A fall below this level could put more pressure on the token.
Technical indicators present a balanced picture. The Relative Strength Index (RSI) remains close to 50, indicating that buyers and sellers have nearly equal control. At the same time, the MACD indicator has turned positive, which may suggest improving momentum but does not confirm a strong rally yet.
Market analysts also note that XRP has formed a series of higher lows above $1.00. This pattern often appears before a larger price move if buying demand continues to grow.
Futures Market Shows More Interest
Data from CoinGlass shows that XRP futures open interest has reached about $2.5 billion, indicating increased activity in the derivatives market. Higher open interest usually means fresh money has entered the market rather than traders simply closing old positions.
Market data also highlights a large number of short positions between $1.12 and $1.14. If XRP moves above this range, many short sellers may close their trades, potentially pushing the price even higher in a short period.
Ripple Continues to Expand Its Ecosystem
The company remains focused on cross-border payments, blockchain technology, and financial partnerships. These efforts support the long-term use of XRP across the payment industry.
Ripple’s stablecoin, RLUSD, has also received more attention. Binance recently introduced an XRP rewards campaign connected to RLUSD, helping more users learn about Ripple’s growing ecosystem.
Market Conditions Matter
Recent inflation data from the United States has raised hopes that central banks may reduce pressure on financial markets. This outlook has helped improve confidence across digital assets. Bitcoin has also stayed relatively stable, which often supports large altcoins such as XRP.
Even so, overall trading volume remains lower than levels seen during previous bull markets. Many investors are waiting for a stronger reason before committing more money.
Why This Matters
Accumulation of 70 million XRP by major whales signals strong institutional conviction despite immediate price resistance. Lower exchange supply and surging futures activity suggest an impending volatility expansion that could trigger a significant trend shift.
What Could Happen Next
A strong move above this resistance could open the path toward $1.30 to $1.40 if the broader crypto market also stays positive. If the price fails to move above $1.20, XRP may continue to trade between $1.05 and $1.20 for some time.
The recent purchase of 70 million XRP by whale wallets, lower exchange reserves, higher futures activity, and steady technical signals all point toward better market confidence. However, a clear breakout above $1.20 remains necessary before the next major rally can begin. Until that happens, XRP is likely to remain in a phase of consolidation while investors watch for the next big move.
