The price of XRP rose nearly 4% to a two-week high of $1.1574, as Bitcoin’s return above $65,000, whale accumulation and new ETF inflows supported its recent rebound.
summary
- XRP price reached $1.1574 after breaking above the daily symmetrical triangle.
- Whale portfolios increased their holdings by 2.8% as smaller balances declined.
- XRP ETFs added $5.66 million while XRPL proxy transactions exceeded 1 million.
According to data from crypto.news, XRP (XRP) The price was trading near $1.14 at the time of writing, up about 2% over the past seven days, with a market capitalization of more than $71 billion. The token fell from its session high after sellers returned around $1.16, but prices remained above the recently broken daily resistance line.
Along with the improvement in cryptocurrency sentiment, AI-related activity has provided a network-wide catalyst. XRP Ledger has Processing more than 1 million Proxy transactions, according to RippleX’s head of engineering, J. Ayo Akinyele, are where developers are testing data-independent payments, APIs, and computing services.
Agent payments allow AI-powered software to complete transactions based on programmed instructions without requiring a person to approve each transfer. The XRP Ledger can settle these payments within three to five seconds while offering predictable transaction costs, Akinyele told FinanceFeeds.
Commenting on this achievement, Akinyele predicted that the number of transactions could rise significantly as developers improve the tools available to independent agents.
βI think we will reach 10 million and maybe even 100 million within the next two years.β
The forecast remains a projection and not a measure of future demand for XRP. Investors will still need to evaluate whether developers will continue to build proxy-based services, whether these applications attract regular users and how much XRP or Ripple USD they use for settlement.
Whale buying and ETF inflows are supporting the recovery
Santiment data showed that wallets holding between 100,000 and 100 million XRP increased their combined balances by 2.8% over the past five weeks. During the same period, balances held by wallets holding less than 0.1 XRP decreased by 5.2%.
According to Santiment, opposing trends suggest that whale and shark wallets have accumulated tokens while owners of very small whales have reduced their exposure. The analytics firm linked the change in holdings to a rebound in XRP towards $1.16, although its data does not prove that large wallet purchases alone caused the price increase.
Demand has also continued through US-listed XRP exchange-traded funds. SoSoValue Data It showed that the products attracted net inflows of $5.66 million on July 21, bringing their total consumption to about $1.49 billion.
Franklin Templeton’s XRPZ token accounted for the entire daily addition, while other listed products recorded no net movement. Trading value across the funds reached $19.16 million during the session, and their combined net assets amounted to about $1.06 billion, equivalent to about 1.48% of the market capitalization of XRP.
Among individual products, Bitwise managed the largest pool of assets at $333.50 million, according to the same data set. The numbers show that regulated funds have continued to receive capital during the XRP recovery, but daily flows can vary and do not guarantee sustainable price gains.
A daily breakout keeps $1.20 within reach
On the daily chart, XRP has broken the upper border of the symmetrical triangle that formed after its decline in June. The price also moved through the downtrend line connecting the June and July swing highs before reaching $1.1574.
Daily momentum has improved with the breakout. The RSI on the chart stood at 55.77, above its moving average of 47.38 and below the overbought threshold of 70. The moving average convergence divergence histogram had turned positive at 0.0077, while the MACD line was rising toward a potential move above the signal line.
However, the 4-hour chart showed momentum slowing after XRP was rejected from $1.1574. The last candle traded near $1.1385, putting the token just above the ceiling of the Murrey Math trading range at $1.1353 and the major support and resistance pivot at $1.123.
A rebound above the strong 4-hour pivot at $1.1475 will give buyers another opportunity to challenge $1.1597. The displayed chart identifies the next resistance levels at $1.1719 and $1.1841, with $1.1963 just below the $1.20 psychological barrier.
MACD readings on the four-hour chart remained positive, although the contracting chart showed that bullish momentum has slowed after the recent surge. This setup leaves buyers needing to defend the breakout rather than relying solely on the previous impulse.
If XRP closes back below $1.123, the 4-hour chart identifies $1.1106 and $1.0986 as the next support levels. A deeper decline could expose the $1.0864 level and the final support line at $1.0742, weakening the daily triangle breakout despite continued whale accumulation and ETF demand.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
