XRP Breaks Key Resistance as Technical Strength and Whale Accumulation Accelerate

Technical Setup Strengthens Amid Resistance Breakout

XRP has successfully moved past the $1.13 price level, a resistance zone that market participants had been closely monitoring. With price holding above this breakout zone, attention has shifted toward determining whether the asset can establish momentum to test higher levels. Market analyst Dark Defender has identified approximately $1.22 as the next significant upside target, using Elliott Wave analysis paired with Fibonacci extension levels to support the projection. Dark Defender stressed that maintaining support above $1.13 remains essential for the bullish technical structure to remain intact, with any slip below this level potentially triggering a retest of lower support zones.

Adding credibility to the technical setup is the appearance of a golden cross pattern, which emerges when shorter-term moving averages cross above longer-term ones. This technical signal has historically been linked to improved medium-term momentum. While such patterns do not guarantee price gains on their own, they carry significant weight among technical traders when accompanied by a confirmed breakout. The combination of a resistance break and a golden cross creates a more convincing technical backdrop than either development would present independently.

Large Holders Shift From Sellers to Accumulators

On-chain metrics reveal a notable transition in whale behavior. Selling pressure from major XRP holders has declined to its lowest level since 2025, reversing a trend that defined earlier in the year when whales regularly moved hundreds of millions of tokens to exchange wallets. That pattern has shifted dramatically, with exchange inflows from large holders declining sharply. Blockchain data simultaneously indicates accelerating accumulation among major holders, pointing to a change in strategy where large investors are expanding rather than reducing their positions. Buying interest from whale-sized wallets typically eases immediate selling pressure, though price sustainability ultimately hinges on continued demand across institutional and retail segments.

Network Activity Reaches Multi-Month Highs

Beyond price and holder behavior, the XRP Ledger itself has demonstrated strengthening usage. Daily payment transactions on the XRPL have surpassed 500,000, reaching among the highest activity levels recorded in recent months. Payment volume functions as a primary indicator of blockchain usage, demonstrating the actual frequency and velocity at which the network processes transfers and settlements. This uptick in activity has occurred alongside growing development initiatives within the XRPL ecosystem, particularly projects integrating artificial intelligence with distributed ledger technology, though these efforts remain nascent.

The intersection of technical confirmation, whale repositioning, and rising network utility creates an encouraging scenario for XRP’s near-term trajectory, assuming external market conditions support continued participation from both retail and institutional buyers. For a layer-one payment network, the combination of rising on-chain activity and reduced exchange inflows suggests confidence among holders that future utility and adoption may justify holding over trading, a dynamic that could prove meaningful for XRP’s longer-term value narrative.

Source: the source. Not financial advice.