Key Takeaways
- XRP successfully recovered to $1.40 following a bounce from the $1.24–$1.26 zone.
- According to Ali Martinez, major holders purchased 1.54 billion XRP tokens valued at approximately $2.2 billion within a 96-hour period.
- Data from CryptoQuant indicates roughly 1.6 billion XRP moved into Binance during the past month, marking the highest volume since March.
- Analyst Dom highlighted that converting the $1.50 level into solid support represents the crucial short-term technical challenge.
- Key resistance is positioned at $1.45–$1.50, with initial support located between $1.36–$1.39.
XRP has successfully recaptured the $1.40 price point following a strong bounce from recent support levels, with significant whale activity and a critical resistance barrier near $1.50 capturing market attention.
The digital asset recently surged from approximately $1.25 to reach $1.44 before experiencing a modest retracement toward the $1.37–$1.40 range. This rebound has positioned XRP near a crucial technical barrier.
Near-term price charts indicate resistance concentrated between $1.45 and $1.50. Should the token break through this zone, market observers are eyeing potential targets around $1.55–$1.58.
Major XRP Holders Add $2.2 Billion Worth of Tokens
Cryptocurrency analyst Ali Martinez published Santiment data on X revealing that substantial XRP wallets purchased approximately 1.54 billion tokens during a 96-hour window.
Based on prevailing market prices, these acquisitions totaled around $2.2 billion in value. The monitored whale addresses expanded their aggregate positions to approximately 9.81 billion XRP.
While the data confirms increased holdings among these large wallet addresses, the specific motivations behind individual buyer decisions remain unclear.
Exchange movement has similarly intensified. CryptoQuant’s analysis revealed approximately 1.6 billion XRP in total whale deposits to Binance throughout the preceding 30-day period.
This figure represents the highest reading observed since March. While exchange inflows increase token availability for potential trading activity, transfers to Binance alone don’t necessarily signal imminent selling pressure.
Market analyst Dom noted on X that XRP recently touched its three-month and six-month rolling VWAP indicators as support for the first occasion in over twelve months.
Dom emphasized that $1.50 represents the critical near-term price level, suggesting that establishing it as reliable support could pave the way toward $1.80 or beyond. He noted XRP has traded beneath this threshold for approximately 230 days.
Critical $1.50 Resistance Zone in Focus
Another technical chart provided by Ali Martinez illustrated an inverse head-and-shoulders pattern with a neckline positioned near $1.55. Martinez indicated XRP was approaching a potential trigger for a 35% price advance should that neckline experience a breakout.
Analyst Crypto Patel presented an extended timeframe chart identifying resistance levels around $1.70 and $3. His more ambitious technical projections range from $10 to $18, though achieving those targets requires XRP to first overcome closer resistance zones.
Patel marked support areas around $1 and $0.60 on his longer-duration analysis. Shorter timeframe charts position nearer support near $1.28.
A separate post from BankXRP on X mentioned that the proposed Volatility Shares 3x XRP ETF launch has been postponed until October 18, following an initial September 18 regulatory filing.
Moving average indicators show XRP trading above its seven-day, 20-day, 50-day and 200-day moving averages, while relative strength index measurements in the low-to-mid 50s suggest neutral momentum conditions.
For current XRP price levels, the $1.45–$1.50 range represents the immediate resistance barrier, while $1.36–$1.39 constitutes the nearest support zone beneath present trading levels.
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