XRP price surged to a new all-time high of $3.66 and is showing a correction near $3.50 while maintaining a weekly 21% increase.
While some were concerned about the correction, new data on whale wallet and investor behavior tells a different story, suggesting this could be a temporary pause before a larger movement.
Whales' Exchange Inflow Drops 94%
One of the clearest signals comes from whale behavior. On July 11, large holder wallets moved 43,575 XRP to exchanges, seemingly preparing to sell. However, by July 21, that figure had plummeted to 2,339 XRP, a 94% decrease in whale-to-exchange flow.
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With whales sending less to exchanges, they don't seem to be in a hurry. Large players appear to be waiting for the next move. As whale selling pressure decreases, XRP gains breathing room at current levels.
HODL Wave, Strong New Holders
Interestingly, while whales are delaying their exit, short-term holders are increasing. HODL wave data from July 10 to July 20 shows an increase in wallets holding XRP between 1 week and 6 months.
- 3-6 month band increased from 10.4% to 12.08%
- 1-3 month holders increased from 4.8% to 6.3%
- 1 week-1 month increased from 4.1% to 5.4%
This is a clear signal that new buyers are not quickly selling XRP. They are holding. Even when whales previously sold, prices did not crash. These new holders might have absorbed sales and maintained momentum.
HODL waves show how long coins remain in wallets. An increase in new holder bands means new buyers are staying. This is often a sign of confidence.
XRP Price Movement, Psychological Resistance Noted
From a price chart perspective, XRP price is still hovering near the major resistance of $3.59. This level acted as a ceiling in previous breakout attempts and is being closely watched by traders.
If XRP can definitively break through $3.59, the next major target is near $4.64. This level is not random. It aligns with the 2.618 Fibonacci extension level from a swing that began in early April and completed its retracement by late June. The current high was not used in the calculation. That movement is still in progress.
Notably, even if XRP breaks $3.59, it may face psychological resistance near $3.6597 or $3.66 (current all-time high).
However, if XRP fails to maintain above $2.95, the bullish scenario could be invalidated in the short term. But as long as the price stays above $3.13 (another key support level), the upward outlook continues.
