XRP price has climbed nearly 4% to a two-week high of $1.1574 as Bitcoin’s return above $65,000, whale accumulation and fresh ETF inflows have supported its latest recovery.
Summary
- XRP price reached $1.1574 after breaking above a daily symmetrical triangle.
- Whale wallets raised their holdings by 2.8% as smaller balances declined.
- XRP ETFs added $5.66 million while XRPL agentic transactions crossed 1 million.
According to data from crypto.news, XRP (XRP) price was trading near $1.14 at the time of writing, up about 2% over the past seven days, with its market value standing above $71 billion. The token had eased from its session high after sellers returned around $1.16, but prices remained above a recently broken daily resistance line.
Alongside the improvement in crypto sentiment, activity tied to artificial intelligence has supplied a network-level catalyst. XRP Ledger has processed more than 1 million agentic transactions, according to RippleX engineering head J. Ayo Akinyele, as developers test autonomous payments for data, application programming interfaces and computing services.
Agentic payments allow AI-powered software to complete transactions based on programmed instructions without requiring a person to approve each transfer. XRP Ledger can settle these payments in three to five seconds while offering predictable transaction costs, Akinyele told FinanceFeeds.
Commenting on the milestone, Akinyele projected that the transaction count could rise considerably as developers improve the tools available to autonomous agents.
“I think we’ll blast through 10 million and may even get to 100 million within the next couple of years.”
The forecast remains a projection rather than a measure of future XRP demand. Investors would still need to assess whether developers continue building agent-based services, whether those applications attract regular users and how much XRP or Ripple USD they use for settlement.
Whale buying and ETF inflows support the recovery
Santiment data showed that wallets holding between 100,000 and 100 million XRP increased their combined balances by 2.8% during the past five weeks. Over the same period, balances held by wallets containing less than 0.1 XRP fell by 5.2%.
According to Santiment, the opposing trends indicate that whale and shark wallets accumulated tokens while very small holders reduced their exposure. The analytics firm linked the change in holdings to XRP’s rebound toward $1.16, although its data does not establish that large-wallet buying alone caused the price increase.
Demand has also continued through U.S.-listed spot XRP exchange-traded funds. SoSoValue data showed the products attracted $5.66 million in net inflows on July 21, lifting their cumulative intake to about $1.49 billion.
Franklin Templeton’s XRPZ accounted for the entire daily addition, while the other listed products reported no net movement. Trading value across the funds reached $19.16 million during the session, and their combined net assets stood at approximately $1.06 billion, equal to about 1.48% of XRP’s market capitalization.
Among individual products, Bitwise managed the largest pool of assets at $333.50 million, according to the same dataset. The figures show that regulated funds continued receiving capital during XRP’s recovery, but daily flows can vary and do not guarantee sustained price gains.
Daily breakout keeps $1.20 within reach
On the daily chart, XRP has broken above the upper boundary of a symmetrical triangle that formed after its June decline. Price also moved through the descending trendline connecting the June and July swing highs before reaching $1.1574.
Daily momentum has improved with the breakout. The chart’s relative strength index stood at 55.77, above its moving average of 47.38 and below the overbought threshold of 70. Its moving average convergence divergence histogram had turned positive at 0.0077, while the MACD line was rising toward a possible move above the signal line.
The 4-hour chart, however, showed momentum cooling after XRP’s rejection from $1.1574. The latest candle traded near $1.1385, placing the token just above the Murrey Math trading-range ceiling at $1.1353 and the major support and resistance pivot at $1.123.
A recovery above the 4-hour strong pivot at $1.1475 would give buyers another chance to challenge $1.1597. The supplied chart places the following resistance levels at $1.1719 and $1.1841, with $1.1963 sitting just below the psychological $1.20 barrier.
4-hour MACD readings remained positive, although the shrinking histogram showed that upward momentum had slowed after the latest advance. This setup leaves buyers needing to defend the breakout instead of relying solely on the earlier impulse.
If XRP closes back below $1.123, the 4-hour chart identifies $1.1106 and $1.0986 as the next support levels. A deeper decline could expose $1.0864 and the ultimate support line at $1.0742, weakening the daily triangle breakout despite continued whale accumulation and ETF demand.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
