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XRP is approaching a decisive technical test as growing whale accumulation, renewed exchange-traded fund inflows and stronger derivatives activity support its short-term recovery.
The cryptocurrency rose toward $1.10 after posting three consecutive daily gains, extending its rebound from the July 28 low near $1.04.
XRP traded around $1.08, with approximately $1.26 billion in daily volume, as buyers attempted to overcome the resistance that has repeatedly restricted recent advances.
The recovery followed the Federal Reserve’s decision to leave interest rates unchanged at 3.50%-3.75%. However, Fed Chair Kevin Warsh’s commitment to returning inflation to 2% maintained a relatively hawkish backdrop for risk assets.
Onchain data suggests that larger XRP holders have been using the recent weakness to increase their exposure.
Wallets containing between 10,000 and 100,000 XRP controlled 11.9% of the token’s supply. That was up from 11.75% a day earlier and 11.64% at the beginning of July.
The next cohort, holding between 100,000 and 1 million XRP, also expanded its position. Its combined share of supply increased from 11.45% on July 1 to 11.75%.
This accumulation is notable because it occurred while geopolitical tensions and macroeconomic uncertainty weighed on the broader crypto market. If these holders continue absorbing available supply, the resulting decline in selling pressure could help XRP overcome its immediate technical barriers.
Institutional demand is also showing signs of recovery. Spot XRP ETFs registered $584,000 of net inflows on July 29, ending a brief period without positive flows. The products have now attracted capital for three consecutive weeks.
The inflows coincided with further adoption of the XRP Ledger. Aviva Investors, which manages approximately $350 billion, plans to make a tokenized share class of its US dollar liquidity fund available to eligible digital-wallet holders through XRPL.
The network also activated its fixCleanup3_2_0 amendment on July 29. Together, the upgrade and Aviva initiative strengthen XRP Ledger’s institutional narrative, although their immediate effect on token demand remains uncertain.
Institutions are literally buying XRP right now 👀
Bitwise scooped up 2.79M XRP ($3.03M)
Franklin Templeton grabbed 2.71M XRP ($2.95M)That's $5.98M in fresh XRP ETF inflows TODAY alone, pushing cumulative inflows past $1.50B 🤯 https://t.co/pkKHCM0EeX pic.twitter.com/Ibk4Zl8OGe
— Xaif Crypto (@Xaif_Crypto) July 31, 2026
Derivatives markets reflect improving appetite among speculative traders. XRP perpetual futures open interest increased to 2.27 billion tokens from 2.25 billion the previous day, although it remained below the weekly high of 2.29 billion.
The weighted funding rate rose to 0.0089%, its highest level since July 20, indicating that bullish traders are paying a premium to maintain leveraged long positions. On Binance, XRP’s long-to-short ratio reached 2.57, meaning long exposure substantially exceeded short positioning.
These figures support the bullish outlook but also introduce liquidation risk if XRP fails to break resistance.
XRP must first secure a close above the $1.09-$1.10 region, where the four-hour rounded-bottom pattern would be confirmed.
A successful breakout could open the way to $1.13, corresponding with the 50-day exponential moving average, before the upper Bollinger Band and July 23 high near $1.14.
The strong accumulation of $XRP continues. The accumulation signal has persisted for 21 days.
Strong accumulation is in progress within the $1.04-$1.16 range. pic.twitter.com/I4pEzgf8Sh
— CW (@CW8900) July 29, 2026
Momentum remains fragile. The daily Relative Strength Index is near 45, while XRP still trades below its major moving averages. Failure to clear $1.10 would therefore leave the recovery vulnerable to reversal.
The first meaningful support sits at $1.05. Losing that level could send XRP back toward $1.01-$1.00, whereas a high-volume close above $1.14 would provide stronger evidence that the rebound is developing into a broader trend reversal.
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