- On-chain data shows whales accumulated 70 million XRP over the past seven days, per analyst Ali Charts
- XRP flashed a monthly TD Sequential buy signal, a rare long-timeframe setup that has preceded major moves historically
- Options volume surged 1,004.79% to $28.53M as the descending wedge on the daily chart converges at current price
XRP trades at $1.1132 on July 16, up 0.04%, holding just above the 20-day EMA as whale accumulation, a monthly TD Sequential buy signal, and an options market suddenly awake all point in the same direction. Spot ETFs recorded zero net inflows in the first 3 days of this week, but the $1.48B cumulative base has held steady even as daily flows went quiet.
The Descending Wedge Is At Its Apex And A Move Is Overdue
The daily chart shows XRP edging slightly above the upper trendline of the descending wedge that has capped price since May, with current price at $1.1132 sitting just outside the structure. It is a marginal break rather than a clean one, and the lack of volume conviction behind it means the move has not confirmed yet. A daily close above the trendline with follow-through volume would shift the chart from tentative breakout to confirmed one.
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The Parabolic SAR at $1.0451 sits below price in bullish territory, and the 20-day EMA at $1.1060 now aligns with the broken trendline, making that zone the key support level bulls need to defend. A pullback that holds above $1.1060 would be a healthy retest of the breakout level. A close back inside the wedge would call the entire move into question.
What Are The Key Support And Resistance Levels For XRP Today?
- Support at $1.1060 on the 20-day EMA and $1.0451 on the Parabolic SAR
- Resistance at $1.1549 on the 50-day EMA and the wedge upper trendline near $1.12
- Key floor at the $1.00 zone from the June lows if the wedge breaks downward
- Extended resistance at $1.2515 on the 100-day EMA
Options Traders Just Woke Up In A Big Way
Volume fell 12.39% to $1.79B while open interest rose 2.34% to $2.42B, a split that suggests traders are holding positions rather than adding fresh directional bets. Options volume is the standout, jumping 1,004.79% to $28.53M with options open interest up 63.84% to $68.90M.
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That level of activity in the options market typically signals traders are positioning for a breakout rather than trading the range. Liquidations over 24 hours are nearly balanced with shorts losing $1.75M against $1.40M for longs, and top trader accounts on Binance hold a 3.36 long/short ratio, leaning heavily bullish.
Whale Accumulation And A Monthly Signal Clash With Silent ETFs
Ali Charts flagged two separate signals this week: 70 million XRP purchased by whale wallets over the past seven days, and a monthly TD Sequential buy signal on the XRP chart. TD Sequential buy signals on monthly timeframes are rare and have historically marked meaningful price floors rather than short-term bounces.
XRP spot ETFs recorded zero daily net inflows on July 15 and zero for the week until now, following an outflow week of $7.18M. Cumulative net inflows across all five US XRP ETFs sit at $1.48B with total net assets holding at $1.00B, meaning the institutional base has not eroded despite the quiet flow environment.
XRP Price Prediction: Upside and Downside Targets
- Upside case: The wedge breaks higher, XRP holds the 20-day EMA at $1.1060, whale demand and the TD Sequential signal draw fresh buyers, and price targets the 50-day EMA at $1.1549 as options positioning unwinds in favor of longs.
- Downside case: The wedge apex fails to produce a breakout, the 20-day EMA gives way, and XRP slides toward the $1 support zone as ETF flows remain flat and the broader market loses CPI momentum.
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