Key Highlights
- Large XRP holders expanded their combined positions by 2.8% across a five-week period.
- Wallets containing under 0.01 XRP decreased holdings by 5.2%.
- The token currently hovers around $1.13 following recapture of its 50-day moving average at $1.117.
- Resistance between $1.15 and $1.16 represents the primary hurdle for upward movement.
- Technical momentum indicators show improvement with MACD histogram turning positive.
Major XRP holders have expanded their positions while the digital asset challenges the $1.16 resistance zone following recovery above its 50-day moving average. Currently trading around $1.13, the token shows a compressed trading range between rising support and overhead resistance. This configuration combines increased large-wallet demand with strengthening technical indicators at a critical price level.
Large Wallet Holders Expand XRP Positions During Recovery Phase
According to Santiment analytics, addresses containing between 100,000 and 100 million XRP grew their aggregate holdings by 2.8% throughout a five-week span. These major stakeholders added to positions as the token established successive higher lows above the late-June cycle trough near $1.01. This pattern demonstrates large-wallet accumulation coinciding with gradual price structure improvement on daily timeframes.
Conversely, addresses holding under 0.01 XRP decreased their balances by 5.2% throughout the identical timeframe. This reduction indicates diminished engagement from the smallest account category, though its influence on overall market dynamics remains minimal. Major holders therefore deliver the more significant blockchain signal given their positions represent considerably larger token quantities.
This divergent wallet activity does not guarantee upward continuation, yet it provides valuable context for the current resistance test. Large holders accumulated throughout the consolidation phase while selling pressure from substantial addresses appeared to diminish. This dynamic distinguishes the present advance from movements driven purely by widespread short-term trading activity.
Price Structure Compresses Beneath $1.16 Ceiling
XRP price maintains position above its 50-day simple moving average around $1.117, which currently provides foundational support. The token also trades above the middle Bollinger Band near $1.11, while the upper band extends to approximately $1.16. Major holders have accumulated during this range contraction, establishing a defined technical inflection point.
An ascending trendline extending from the $1.01 base now intersects resistance at $1.15-$1.16. This configuration resembles an ascending triangle pattern, though the formation lacks definitive confirmation. An inverse head-and-shoulders pattern also remains a possibility, yet price must surpass the neckline for validation.
The $1.16 threshold has rejected multiple recovery attempts since late June and continues as the immediate obstacle. A sustained daily close above this barrier would reinforce breakout prospects and reveal subsequent resistance around $1.24. Alternatively, rejection could push price back toward support spanning $1.11 to $1.13.
Technical Indicators Strengthen During Resistance Challenge
The daily MACD line has advanced above its signal line, with the histogram shifting into positive territory. This progression indicates strengthening buying momentum, though price remains below confirmed breakout levels. Major holders have backed the recovery, yet technical validation requires a sustained close above the resistance zone.
Source: TradingView
Trading volume carries significant weight because insufficient turnover during an advance could prove unsustainable above current resistance. Elevated volume would demonstrate broader market participation and validate recent momentum indicator improvements. Large holder accumulation alone cannot ensure continuation without corresponding strength in price action and transaction activity.
The middle Bollinger Band near $1.11 functions as primary near-term support throughout the current consolidation. A breakdown below this threshold would undermine momentum and redirect focus toward the psychological $1.10 mark. While major holders remain net accumulators, the technical structure requires confirmation before establishing a sustained directional move.
Major XRP holders have expanded positions as price challenges $1.16 resistance with strengthening momentum and rising support levels. Upcoming daily closes will reveal whether accumulation patterns align with confirmed breakout or another rejection at overhead resistance.
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