XRP moved above the $1.13 level in recent trading, reaching a two-week high at $1.16 before facing renewed selling pressure. The cryptocurrency now trades in a narrow band between $1.13 and $1.14 after briefly breaking out of a short-term downward trend.
Market performance and technical outlook
XRP currently reports a market capitalization close to $71.4 billion, with 24-hour trading volumes estimated at $1.55 billion. Despite recent gains, the digital asset remains significantly below its historical all-time high of $3.84, set in January 2018.
Technical analyst Ali Martinez observed that XRP successfully broke resistance at $1.13 on the hourly chart, confirming an escape from its previous descending pattern. Martinez identified $1.30 as the next major target in this ongoing upward movement.
According to Martinez, XRP “has cleared resistance, putting the next major target at $1.30.”
Another market watcher, EGRAG CRYPTO, pointed out that XRP shows a regular bullish divergence signal on the three-day chart. The analyst noted that while price action showed a lower low, the Relative Strength Index (RSI) formed a higher low, indicating reduced selling pressure. EGRAG suggested that maintaining support between $1.00 and $1.10 could lead to a breakout towards $1.30 and potentially $1.58, but warned that a break below the RSI trendline would undermine the bullish scenario.
Mini dictionary: Relative Strength Index (RSI), a momentum indicator used in technical analysis that measures the speed and change of price movements. Values above 70 typically indicate overbought conditions, while values below 30 suggest oversold levels.
Whale accumulation and ETF inflows continue
Blockchain analytics firm Santiment reported that wallets holding between 100,000 and 100 million XRP increased their combined holdings by 2.8% over the past five weeks. In contrast, retail addresses holding less than 0.1 XRP saw a 5.2% decline in their collective balances.
Santiment highlighted that these trends show significant accumulation by large market participants, although the firm did not directly attribute XRP’s price surge solely to these large purchases.
US-listed spot XRP exchange-traded funds (ETFs) drew $5.7 million in new capital on July 21, according to SoSoValue, increasing total net inflows to approximately $1.5 billion since inception.
| Indicator | Recent Data | Trend |
|---|---|---|
| Whale holdings (100K–100M XRP) | +2.8% (five weeks) | Accumulation |
| Retail holdings (<0.1 XRP) | -5.2% (five weeks) | Distribution |
| Spot ETF net inflows | $5.7 million (July 21) | Positive |
| Total ETF cumulative inflows | $1.5 billion | Ongoing Rise |
AI-driven transaction surge on XRP Ledger
J. Ayo Akinyele, an engineering executive at RippleX, stated that the XRP Ledger has processed over 1 million autonomous AI agent transactions. Teams are currently developing automated payment modules for computational services, APIs, and data consumption.
Akinyele indicated these AI-driven transactions settle in three to five seconds and maintain stable fee levels. He projected future milestones, stating that surpassing 10 million and possibly 100 million AI transactions is achievable within a few years.
Mini dictionary: RippleX, a technology division within Ripple, supports development and innovation for decentralized applications on the XRP Ledger, focusing on advancing network utility and scalability.
Key technical levels to watch
Technical strategist DukesMarketAnalysis identified $1.1866 as the first major resistance level that needs to be cleared for renewed bullish confidence. A strong close above this mark would reinforce the positive outlook.
The Relative Strength Index for XRP currently hovers between 55 and 58, indicating moderate upward momentum but not signaling overbought conditions yet. While the token holds just above the 20-day exponential moving average (EMA) near $1.12, it continues to trade below the 100-day EMA at $1.23 and the 200-day EMA at $1.44.
If XRP falls below support around the 20-day EMA, it risks revisiting the $1.08–$1.10 support band.
