Overview
- Santiment data showed wallets holding 1 million–10 million XRP increased holdings by about 70 million between July 11 and July 15, lifting combined whale balances to roughly 3.83 billion XRP.
- CryptoQuant reports place Binance’s XRP reserves at about 2.61 billion tokens, the lowest level since February 2026, which reduces the immediate sell-side float available on the exchange.
- XRP is trading around $1.10–$1.11 and is pressing technical resistance near $1.12–$1.13 inside a triangle and inverse head-and-shoulders formation that projects roughly 20% upside if the neckline is flipped to support.
- Derivatives metrics have contracted: futures open interest is about one-third below its July 2025 peak and estimated leverage has fallen toward multi-month lows, which lowers the chance of a large short-squeeze but also reduces fragile crash risk.
- Dense liquidation and liquidity clusters sit between roughly $1.09 and $1.14, so a test of those levels could produce outsized volatility and the move’s durability will depend on confirmed spot volume, ETF inflows, or sustained institutional buying rather than short covering.