XRP Holds Below $1.20 Despite 70M Token Whale Buy: What's Next for Ripple?

Key Takeaways -

• Whale wallets accumulated 70 million XRP, showing renewed confidence.

• XRP must break above $1.20 to confirm stronger bullish momentum.

• Lower exchange reserves and higher futures activity support a positive outlook.

XRP remains under the important $1.20 price mark even after large investors bought around 70 million XRP tokens in the past week. This strong buying activity usually shows confidence from major holders, but the token has not moved above this resistance level yet.

The price recently recovered from lows near $1.05 and now trades around $1.10 to $1.12. Even with this recovery, XRP still faces pressure near the $1.20 zone. Many traders now wait to see whether the token can finally move above this level or continue to trade inside the current range.

Whale Buying Shows Confidence

Current blockchain information from Santiment shows that addresses storing from 1 million to 10 million units of XRP accumulated almost 70 million XRP tokens during the week. Thus, after this buying, the total number of XRP assets in the wallet increased to 3.83 billion units.

Large investors, often called whales, usually accumulate cryptocurrencies when prices are stable rather than waiting for major price increases. This behavior raises interest after all, as it can imply that they have positive outlooks on the coin.

A further positive development is associated with Binance. According to information from CryptoQuant, the exchange's volume of XRP has reached its minimum in five months. A decline in exchange-held tokens can reduce immediate selling pressure because fewer assets are available for trading on exchanges. 

Price Still Faces Resistance

Although buying from whales has increased, XRP has not broken through the resistance between $1.12 and $1.20.

The nearest support area sits between $1.05 and $1.08. As long as the price stays above this zone, the market structure remains stable. A fall below this level could put more pressure on the token.

Technical indicators also present a balanced picture. The Relative Strength Index (RSI) stays close to 50, which shows that buyers and sellers have almost equal control. At the same time, the MACD indicator has turned positive. This change may point to better momentum, but it does not confirm a strong rally yet.

Market analysts also note that XRP has made a series of higher lows above $1.00. This pattern often appears before a larger price move if buying demand continues to grow.

Also Read - How Much Will XRP Be Worth in 3 Years? Future Forecast Explained

Futures Market Shows More Interest

Data from CoinGlass shows that XRP futures open interest has reached about $2.5 billion, indicating increased activity in the derivatives market.  Higher open interest usually means fresh money has entered the market instead of traders simply closing old positions.

Market data also highlights a large number of short positions between $1.12 and $1.14. If XRP moves above this range, many short sellers may close their trades. This situation could push the price even higher in a short period.

Ripple Continues to Expand its Ecosystem

The company remains focused on cross-border payments, blockchain technology, and financial partnerships. These efforts support the long-term use of XRP across the payment industry.

Ripple's stablecoin, RLUSD, has also received more attention. Binance recently introduced an XRP rewards campaign connected to RLUSD. This step may help more users learn about Ripple's growing ecosystem.

Market Conditions Matter

Recent inflation data from the United States has raised hopes that central banks may reduce pressure on financial markets. This outlook has helped improve confidence across digital assets. Bitcoin has also stayed relatively stable, which often supports large altcoins such as XRP.

Even so, overall trading volume remains lower than the levels seen during previous bull markets. Many investors still wait for a stronger reason before they commit more money.

Also Read - Why Stablecoins are Important for the Cryptocurrency Market

What Could Happen Next?

A strong move above this resistance could open the path toward $1.30 to $1.40 if the broader crypto market also stays positive. If the price fails to move above $1.20, XRP may continue to trade between $1.05 and $1.20 for some time.

The recent purchase of 70 million XRP by whale wallets, lower exchange reserves, higher futures activity, and steady technical signals all point toward better market confidence. However, a clear breakout above $1.20 remains necessary before the next major rally can begin. Until that happens, XRP is likely to remain in a phase of consolidation while investors watch for the next big move.

FAQs

1. Why is XRP still below $1.20?

Strong overhead resistance and cautious market sentiment continue to absorb recent buying pressure, temporarily capping XRP's short-term upside.

2. What does the 70 million XRP whale purchase mean?

Large-scale accumulation indicates that institutional holders expect stronger long-term price performance, absorbing selling volume at key support levels.

3. Why are lower exchange reserves important?

Fewer tokens available on exchanges reduce potential sell-side pressure, creating favorable market conditions for price appreciation during high demand.

4. What is the next major resistance for XRP?

Key resistance remains firmly between $1.12 and $1.20, with technical upside targets extending toward $1.30–$1.40 upon a confirmed breakout.

5. What could push XRP higher?

A decisive close above $1.20, expanding spot trading volume, short-seller liquidations, and broader crypto market stability could spark the next rally.