Key Highlights
- XRP bounced back to $1.40 following a recovery from the $1.24–$1.26 zone.
- Analyst Ali Martinez revealed whales bought 1.54 billion XRP tokens valued at approximately $2.2 billion within 96 hours.
- Data from CryptoQuant showed approximately 1.6 billion XRP moving to Binance in 30 days, marking the highest volume since March.
- Analyst Dom highlighted that converting $1.50 into a support level represents the crucial short-term technical challenge.
- Key resistance stands between $1.45–$1.50, with initial support located in the $1.36–$1.39 range beneath current trading levels.
XRP has successfully recaptured the $1.40 price point following a strong rebound from recent bottoms, as major wallet activity and the critical $1.50 resistance level capture market attention.
The digital asset recently rallied from approximately $1.25 to reach $1.44 before experiencing a minor correction toward the $1.37–$1.40 range. This upward movement has positioned XRP near a significant technical barrier.
Near-term price charts indicate resistance concentrated between $1.45 and $1.50. Beyond this zone, market participants are monitoring price points around $1.55–$1.58.
Large Holders Add $2.2 Billion in XRP
Cryptocurrency analyst Ali Martinez posted Santiment information on X demonstrating that major XRP addresses acquired approximately 1.54 billion tokens during a 96-hour period.
Based on current market valuations, these acquisitions totaled approximately $2.2 billion. The monitored addresses expanded their collective positions to roughly 9.81 billion XRP.
While the wallet information confirms increased accumulation among the tracked whale cohort, it doesn’t disclose the motivations behind individual acquisition decisions.
Activity on exchanges has also intensified. CryptoQuant documented approximately 1.6 billion XRP in aggregate whale deposits to Binance during the preceding 30-day window.
This figure represented the peak level observed since March. While exchange transfers make tokens accessible for potential trading activity, deposits to Binance don’t necessarily indicate imminent selling pressure.
Market analyst Dom noted on X that XRP recently validated its three-month and six-month rolling VWAP indicators as support zones for the first occurrence in over twelve months.
Dom emphasized that $1.50 represents the critical near-term level, suggesting that establishing it as support could pave the path toward $1.80 or beyond. He noted XRP has traded beneath this threshold for approximately 230 days.
Critical $1.50 Barrier Ahead for XRP
Another technical chart presented by Ali Martinez identified an inverse head-and-shoulders formation with a neckline positioned near $1.55. Martinez indicated XRP was approaching a potential breakout that could trigger a 35% advance if this neckline is breached.
Analyst Crypto Patel displayed a longer-duration chart featuring resistance zones around $1.70 and $3. His extended technical projections span from $10 to $18, though these ambitious targets require XRP to first overcome closer resistance barriers.
Patel marked support levels around $1 and $0.60 within his extended timeframe analysis. Shorter-duration charts position nearer support around $1.28.
A separate communication from BankXRP on X indicated the anticipated Volatility Shares 3x XRP ETF introduction was postponed to October 18 after an initial September 18 submission.
Moving average indicators show XRP trading above its seven-day, 20-day, 50-day and 200-day moving averages, while relative strength index measurements hovering in the low-to-mid 50s suggest neutral momentum conditions.
Regarding current XRP price action, the $1.45–$1.50 zone constitutes the primary resistance barrier, whereas $1.36–$1.39 represents the initial support region beneath present trading levels.
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