XRP at $1.10 Whales Add 70M Tokens, Binance Reserves Down

The cryptocurrency XRP is trading near the $1.10 level, showing signs of accumulation by large investors but struggling to decisively break through key technical resistance. The digital asset has recovered from a recent low near $1.05, buoyed by whale purchases and declining exchange reserves, yet broader market momentum remains cautious.

According to blockchain analytics, addresses holding between 1 million and 10 million XRP collectively added approximately 70 million tokens to their balances between July 11 and July 15, increasing aggregate holdings to about 3.83 billion XRP. Concurrently, the supply of XRP held on the Binance exchange has fallen to 2.61 billion tokens, its lowest level since February 2026. Analysts often interpret declining exchange reserves as a potential reduction in immediate selling pressure, though it does not guarantee a price increase.

Technically, XRP is approaching a critical juncture. On shorter timeframes, the asset is testing the upper boundary of a symmetrical triangle pattern, with resistance converging near $1.12. Analysts note that a confirmed breakout above this level could open a path toward the July 4 peak near $1.18, with some projections...