Overview
- XRP climbed toward $1.13 on Tuesday during a short-term breakout attempt but remains inside a larger daily down‑channel with price trading roughly between $1.09 and $1.13.
- Technicians point to an inverse head‑and‑shoulders with a neckline at about $1.10–$1.13 and say a decisive close above that zone would validate a bullish reversal and open targets near $1.35, while layered resistance sits at $1.18–$1.28.
- U.S. spot XRP ETFs have steadily bought into the market and now hold about $1.02 billion in assets with cumulative inflows near $1.49 billion, and mid‑July whale purchases of about 70 million XRP have tightened available supply.
- On‑chain activity has weakened, with active addresses near 20,000, and derivatives show neutral funding plus roughly $102 million of short liquidation leverage clustered near $1.20, which limits the chance of an immediate squeeze.
- A sustained rally therefore depends on follow‑through buying and clearer macro or policy catalysts, including easing Middle East tensions and progress on U.S. legislation such as the CLARITY Act, which would broaden investor confidence.