XRP experienced a sudden drop below $1.06 on Binance in mid-July, followed by a swift recovery as buying activity picked up. The token, which had struggled to regain momentum since its 2025 peak, now sits near $1.13 as traders watch for the next decisive move.
Sweeping below $1.06 and rapid price reversal
On Binance, XRP fell to $1.0572 and held there for about forty minutes before rebounding to almost $1.10. This move initially resembled a typical short-term price fluctuation but has since turned into a sustained bounce. Over the nine days following the dip, XRP/USDT spent several sessions ranging between $1.08 and $1.10, establishing what traders call a higher low before breaking resistance at $1.145 on July 20.
XRP then rallied to $1.165 by July 21, before encountering renewed selling pressure. The recent pullback into the $1.125 to $1.155 range appears to many market watchers as a retest of the breakout zone rather than an immediate breakdown.
XRP cleared $1.145 on July 20, shifting the short-term trend to bullish and propelling the price toward $1.165 before sellers returned.
Longer-term trends signal caution
On the daily chart, skepticism persists among traders. Between February and June, XRP consolidated in a broad range from $1.20 to $1.50, following a decline from over $2.30 in early February. July saw the price move beneath the $1.20 floor, eventually finding support between $1.05 and $1.09.
The nine-day moving average remains negative, though it has begun to flatten as the price stabilizes near $1.13.
When shifting the view to weekly charts, XRP’s notable run-up from November 2024 stands out. After building a base between $0.35 and $0.55 through 2022 and 2023, the token surged toward $3.60 in under eight months. The current price lands close to the region where this bullish move first accelerated, though the downward trend since July 2025 has yet to be broken.
Binance whale inflows drop to lowest in two months
Whale inflows—the volume of XRP transferred in large transactions to Binance—fell to approximately 947.4 million tokens over the last 30 days, according to CryptoQuant. This figure marks the lowest level in two months and represents a 34.4% decline from the late June peak of 1.445 billion XRP.
Additional CryptoQuant data, also shared by independent analyst darkfost_coc, shows even sharper declines in the whale inflows metric. At their peak, such inflows once reached 583 million XRP, equal to roughly $1.36 billion. This number has tumbled to about 25.3 million XRP, or $23 million, as flagged by the research outlet ArabxChain.
While reduced inflows from large holders do not guarantee a rally, analysts note this pattern could lessen selling pressure on exchanges.
| Date | 30-Day Whale Inflow (XRP) | Approx. USD Value |
|---|---|---|
| Late June 2026 | 1,445,000,000 | N/A |
| Current | 947,400,000 | N/A |
| Peak (historical) | 583,000,000 | $1.36 billion |
| Recent | 25,300,000 | $23 million |
Mini dictionary: CryptoQuant is a blockchain analytics platform that provides data on on-chain metrics, exchange flows, and market sentiment across numerous cryptocurrencies.
Withdrawal patterns and order book trends
Binance’s withdrawal-to-deposit ratio for XRP climbed to 54.5% on July 17, the highest in about two years. Market observers recall a similar pattern on June 20, 2025, when a comparable surge in withdrawals preceded XRP’s move from $2.11 to $3.50 within a month—a gain of approximately 66%. However, CryptoQuant analysts caution that these figures represent transaction counts rather than total volume, indicating a change in user behavior instead of outright capital flight.
Order book data presents a more mixed picture. The cumulative volume delta (CVD) score, another metric tracked by CryptoQuant, stayed negative throughout July. This suggests that sellers remain dominant, with more selling pressure than buying on Binance despite the slowdown in fresh inflows.
Key levels to watch and broader liquidity
On shorter timeframes, XRP faces a test of critical support. The one-hour chart shows the token rejected at $1.165 on July 21 and now challenging the same intraday support that underpinned its previous rally. Should this level fail, analysts expect a return to the four-hour order block, with the next significant support near $1.057.
Holding above the $1.10 to $1.13 range keeps the immediate structure positive and sets the stage for a possible retest of $1.165 and the daily chart’s $1.20 floor. A break below these levels, on the other hand, could bring the July sweep low back into focus and challenge the developing base.
The liquidity environment is also evolving. Circle, a leading issuer of the stablecoin USDC, recently surpassed a $410 million milestone for crosschain transfers through its Gateway infrastructure, highlighting the ongoing expansion of efficient transaction rails within crypto markets.
