XRP Whale Wallet Count Hits Record High as Price Tests $1.50 Resistance

XRP has long been influenced by regulatory developments, institutional flows and risk appetite in the crypto market, with $1.14 emerging as a technical level repeatedly contested by bulls and bears. Although spot ETFs have recorded net inflows for nine consecutive weeks, most holders remain underwater, creating potential selling pressure as they seek to break even during a rebound.

The latest price action showed XRP rising as much as about 3% and breaking above $1.14 on higher trading volume before pulling back to test whether the former resistance level could become support. The latest reports said the price had stalled near $1.14 as trading momentum weakened. A drop below the area could invalidate the breakout, while holding it would support further gains.

XRP, the native asset of the XRP Ledger, has recently returned to near the $1.00 support level. Rising activity among whales and new wallets is often viewed as a sign of accumulation, but retail traders remain cautious. Whether this activity broadens into wider buying will be an important gauge of any market recovery.

The number of new XRP wallets created in a single day reached a nearly three-month high, while whale activity also increased, according to the latest data. XRP ETFs recorded $62 million in net inflows in June, while the token’s price edged higher. The market is now focused on resistance at $1.10; a decisive break above that level followed by sustained trading there would provide further confirmation of a rebound.

XRP had mounted a breakout rally as buying returned to the broader cryptocurrency market, but encountered selling pressure near a key technical resistance level. The $1.20 mark is an important gauge of bullish and bearish momentum. Failure to hold above it could push the token into short-term range-bound trading and increase the risk of another test of support.

In the latest trading, XRP fell about 4% after its breakout attempt stalled, dropping below $1.20. Buying support has emerged in the $1.17–$1.18 range. Traders are watching whether that area will hold. XRP would need to reclaim $1.20 to have a chance of restoring upward momentum; otherwise, selling pressure could persist.

XRP remained capped within the $1.18–$1.20 range for an extended period after the market's sharp June sell-off. The latest breakout marks its first clear upside signal in recent months. Because $1.20 is both a key psychological threshold and a technical resistance level, whether XRP can hold above it will shape traders' assessments of the trend and market momentum.

In the latest trading, XRP rose about 8% and broke through resistance at $1.18 and $1.20 in succession, reaching its highest level since the June sell-off. The move was accompanied by a marked increase in trading volume and improving technical indicators. The market will now watch whether $1.20 can become support and whether XRP can advance toward the resistance zone near $1.30.

XRP is the cryptocurrency used in the Ripple ecosystem, and its ability to break through long-term resistance is often viewed as a gauge of market confidence and capital momentum. However, the reports did not identify the institutions involved, the amounts invested or the transaction dates. Institutional buying therefore remains a market explanation rather than sufficient evidence of a long-term trend reversal.

The latest reports showed XRP initially gaining about 3% to break above $1.14, before extending its advance to 4% and topping $1.18 as trading volume also increased. The reports did not provide a specific date. The market is now watching the $1.20–$1.25 resistance zone, with a decisive breakout likely to determine whether the rally can continue.

XRP is the native token of the XRP Ledger, and its price is closely tied to exchange liquidity and the activity of large holders. Whale transfers from exchanges to self-custody typically reduce the supply available for sale in the short term, though they do not necessarily represent buying. CryptoQuant analyst Amr Taha therefore views $1.35–$1.40 as a key value and support zone.

CryptoQuant data showed that 122 million XRP, worth about $170.8 million at the time, was withdrawn from Binance on May 22, 2026. It was the first day since early February that withdrawals exceeded 100 million XRP. Cointelegraph reported on May 25 that if XRP holds above $1.30 and breaks through resistance at $1.50 on strong volume, its technical target could reach $2.33.

The XRP Ledger, or XRPL, is a Ripple-backed blockchain network focused primarily on cross-border payments, asset issuance and decentralized trading. The pace of wallet creation can indicate onchain participation, but a single address does not necessarily represent one new user, so the figure must be assessed alongside trading volume and active addresses. Whether the network’s expansion in 2026 can translate into demand for XRP has become a key focus for the market.

The latest data showed that the XRP Ledger added about 4,300 wallets in 24 hours, its fourth-largest one-day increase of 2026 and a sign of a short-term pickup in onchain activity. XRP, however, has yet to break through key resistance at $1.40. If buying and trading volume fail to persist, the market expects the price could remain rangebound for an extended period, with onchain growth yet to produce a clear rally.

XRP, a crypto asset closely associated with Ripple’s payments ecosystem, has recently traded within a narrow range. Despite continued accumulation by spot ETFs and large on-chain wallets, its near-term direction still hinges on whether buying demand can absorb profit-taking. The $1.40 level has therefore become a key line for the market in determining whether bulls or bears take control.

After repeatedly failing to breach resistance between $1.43 and $1.45, XRP fell about 3.3% in its latest pullback to around $1.41 and briefly dipped below $1.40 intraday. Trading volume exceeded its recent average, indicating that sellers remain in control of the short-term trend. A break below $1.40 could extend the decline, while a move back above $1.45 would improve the chances of escaping the consolidation range.

XRP is the native asset of the Ripple ecosystem and the XRP Ledger (XRPL). Wallet and active-address counts help gauge its holder base and on-chain usage. The number of non-empty wallets has surpassed 7.7 million, indicating broader adoption and providing an important measure of whether XRP’s price recovery has fundamental support.

The latest data show that the number of non-empty XRPL wallets has exceeded 7.7 million for the first time, setting a record, while daily active addresses have climbed to a five-week high. Market analysts currently view $1.60 as a key resistance level for XRP. A breakout followed by sustained trading above that level could extend the recent rebound and recovery momentum.

XRP is the native token of the XRP Ledger, and its market performance is often influenced by developments in the Ripple Labs ecosystem and broader sentiment toward crypto assets. Technical analysis shows that XRP twice found support in the $1.30–$1.35 range, forming a potential double bottom. When accompanied by trading volume, this type of reversal pattern is typically viewed as an important sign that bearish momentum is fading.

The latest price action shows bulls continuing to defend support at $1.30, with the $1.50 neckline representing the next key level. A decisive breakout could put the technical target at $1.70, implying a potential gain of more than 20%. On-chain data also shows that selling pressure from whales has eased significantly and large holders are rebuilding positions, adding momentum to a potential price recovery in March.