Whales added 70 million XRP over the past week while the token consolidated below resistance, and Binance’s top traders stayed heavily long. Buyers defended the $1.05 support, but reclaiming $1.20 remains the level that would strengthen the bullish case.
Large holders kept buying XRP through a week of sideways trading, adding 70 million tokens even as the price stayed pinned below resistance. Rather than distributing after earlier rallies, whales absorbed available supply, a pattern that suggested institutional-scale investors saw current prices as attractive.
Network activity reinforced that read. The XRP Ledger surpassed 8 million activated accounts, and its ecosystem reflected growing use across payments, tokenization, DeFi, and AI-related applications. Together, the buying and the adoption pointed to demand strengthening beneath the consolidation.
Binance traders stayed skewed long
Derivatives traders continued favoring the upside despite the lack of a decisive breakout. Binance’s top trader positioning held 77.21% of accounts long, leaving the Long/Short Ratio at 3.39.
But those traders refrained from aggressively adding leverage while XRP sat below resistance, instead holding existing longs and waiting for confirmation from spot markets. The elevated long bias also raised the risk of short-term volatility if buyers failed to reclaim higher levels.
The path back to $1.20
XRP recovered from the $1.05 support zone and traded near $1.10, keeping recent lows defended. Momentum, measured by the RSI, was still recovering. The daily reading climbed to 48.64 with its signal line at 47.74, still below the neutral 50 mark.
On the Liquidation Heatmap, the largest cluster of leveraged positions appeared around $1.12, with more stretching toward $1.14 and $1.16. Those concentrations can attract price, because large clusters often trigger liquidation-driven volatility. A pocket near $1.10 offered nearby support if sellers regained control.
Even so, XRP would first need to reclaim $1.20 to strengthen the bullish technical outlook.
Source: AMBCrypto
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