XRP recently showed promising signs on its short-term charts, with two key indicators crossing upwards, just as its price broke through a significant resistance level.
XRP recently showed bullish signals with two key moving averages crossing on its price chart. First, on the 2-hour chart, the 50-period moving average moved above the 200-period moving average. This same pattern – the 50-period moving average crossing above the 200-period moving average – also occurred on the 4-hour chart, reinforcing the potential for price increases.
As a researcher tracking XRP, I observed an interesting development today – it broke through its 50-day moving average. This is the first time we’ve seen this happen since mid-May, and it represents a key price milestone being achieved.
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Crypto analyst Ali says that $1.13 is an important price level for XRP. If XRP rises above this point, it could signal a strong upward trend and potentially lead to further gains. XRP has now moved past $1.13, suggesting the next target price is around $1.30.
Is it time for a move?
XRP climbed to a high of $1.16 on Tuesday in five straight days of gains from July 17.
XRP recently hit a two-week high, and data from Santiment suggests this increase is linked to large investors (known as ‘whales’) buying more of the cryptocurrency. Santiment points out that XRP surpassing $1.16 on Tuesday seems reasonable given recent activity in larger wallets.
Large XRP holders – those with between 100,000 and 100 million coins – increased their holdings by more than 2.8% in the last five weeks, suggesting growing confidence as the price of XRP begins to rise. Meanwhile, smaller wallets containing less than 0.01 XRP have decreased by 5.2% over the same timeframe.
As an analyst, I’ve consistently observed that XRP’s price movements often seem driven by larger players – institutions and whales – rather than typical retail investors. This recent pattern of distribution, where bigger wallets are accumulating while smaller ones are selling, actually strengthens my optimistic outlook for a potential price increase; it suggests we might be seeing the beginnings of a positive trend.
The current market conditions align well with positive developments for XRP. Increased institutional investment through XRP ETFs, coupled with the growing use of the XRPL network for payments, tokenization, and stablecoins like RLUSD, are all keeping XRP on investors’ radars. According to Santiment, a pattern where large holders are buying while smaller wallets sell off often indicates potential for price increases.
2026-07-22 14:44