XRP is trading around $1.07 after losing 0.81% over the past 24 hours, briefly touching $1.10 before sellers pushed it back into its recent range. The decline mirrors a broader crypto market pullback, with Bitcoin dropping 1.26% and total market capitalization falling roughly 1.1%. Traders are also weighing the Federal Reserve’s policy stance and geopolitical tensions between the United States and Iran.
Technically, XRP faces resistance between $1.10 and $1.13. A stronger buying push is needed before the token can target the $1.16 level.
Whale Activity Slumps
Large XRP transfers have dropped sharply, indicating reduced activity among major holders. Whales are neither building large positions nor moving significant amounts onto exchanges. The slowdown limits selling pressure since fewer tokens reach trading platforms, but it also signals weak demand from investors who typically drive larger market moves.
Retail transfers now account for a larger share of XRP activity. These transactions provide regular network usage but carry less volume than whale or institutional transfers. XRP has remained between support at $1.05 and resistance near $1.10, as buyers defend lower levels while sellers cap upward moves.
Binance inflows have also declined. Lower exchange deposits often suggest holders have less interest in selling at current prices. However, reduced inflows alone cannot trigger a rally. XRP needs stronger spot buying and higher trading volume to break out of its current range.
ETF Inflows Offer Brief Support
U.S. spot XRP exchange-traded funds recorded $584,000 in net inflows on July 29, ending three straight days of withdrawals. Demand picked up on July 30, with the funds attracting roughly $6 million. Those inflows helped XRP briefly reach $1.10 before profit-taking stalled the advance.
Institutional activity also provided support. Aviva Investors plans to issue a tokenized share class of its USD Liquidity Fund on the XRP Ledger. The fund gives eligible investors access to short-term U.S. dollar debt products through blockchain wallets, with approval from Ireland’s central bank. Securitize and Licuido will handle the tokenization system, Komainu will manage digital asset custody, and BNY Mellon will support traditional custody services.
Additionally, the plan followed the July 29 activation of the fixCleanup3_2_0 amendment on the XRP Ledger. Despite these developments, sellers still defended the $1.10 area.
XRP Needs to Reclaim $1.12
XRP trades below its main daily exponential moving averages. The 20-day EMA sits near $1.09, the 50-day EMA around $1.13, and higher resistance at the 100-day EMA near $1.21 and the 200-day EMA around $1.41. Several technical barriers remain above the current market price.
On the four-hour chart, the MACD line has crossed slightly above its signal line, but the shallow histogram indicates weak upward momentum. The relative strength index stands near 48.7, below the 50 mark, showing buyers have not gained firm control.
Liquidation data reveals a large cluster of short positions between $1.09 and $1.10. A clean break through that area could push XRP toward $1.12 and the 50-day EMA near $1.13. A move above $1.13 could open the $1.14 to $1.20 region. Support sits between $1.06 and $1.07, and a drop below $1.05 could expose the $1.00 psychological level.
Leave a Reply