XRP breaks the key $1.13 level — analysts spot a new signal as whale selling dries up

XRP is trading around $1.13-1.16 after breaking above $1.13 — the level on-chain analyst Ali Martinez had flagged just a day earlier as the key trigger for a rally. "If XRP breaks above the key $1.13 level, it could start a strong rally and climb toward $1.35," he wrote on July 21. Now that the level has been cleared, attention is shifting to what analysts are calling a fresh signal from large holders.

Whale Selling at Its Lowest Since 2025

CryptoQuant analyst Darkfost noted that Binance whale inflows have "fallen dramatically from hundreds of millions of XRP earlier in the cycle to much lower levels now." The 90-day average of whale inflows has also dropped notably compared to early 2025 — meaning large holders aren't rushing to move coins onto exchanges to sell, easing selling pressure.

That's paired with the other side of the picture: over the past week, whale wallets accumulated more than 70 million XRP, according to Ali Martinez's on-chain data — one of the largest buying phases seen in recent weeks.

Technically, a Confirmed Bull Flag

Analyst Crypto Gerla points to a confirmed breakout from a bull flag pattern — a continuation setup that typically forms after a strong impulsive move, ahead of another leg higher. "If buyers defend this level, the next impulse could send $XRP" toward $1.24, he notes. Analysts see the nearest resistance at $1.24-1.25, with a secondary level around $1.30. RSI sits in bullish territory without being overbought yet, volume has supported the move, and the chart is forming a sequence of higher lows.

Rising open interest and derivatives activity are adding to the picture, while the unwinding of short positions is itself creating additional buying pressure.

Why This Isn't a Guarantee

Analysts themselves caveat the read: whale accumulation tends to build a floor under the price rather than guarantee a launchpad higher, and sustained spot buying — not just large-wallet activity — remains the key signal to confirm the trend. XRP has produced more than one false breakout in 2026, so how it reacts around $1.24-1.25 will be an important test of this setup.

This material is for informational purposes only and is not investment advice.