XRP briefly climbed above $1.16 and is being supported by accumulation from large holders rather than retail demand, according to the latest findings by Santiment.

The analytics firm found that wallets containing between 100,000 and 100 million XRP expanded their holdings by 2.8% over the past five weeks. Wallets with less than 0.01 of the token, on the other hand, cut their balances by 5.2%.

More Room For Growth

Santiment said XRP has historically tracked the behavior of key stakeholders more closely than the smallest retail wallets, which makes the divergence supportive of the recent price recovery.

The accumulation trend comes as the crypto asset continues to benefit from a stronger market narrative, including the resolution of Ripple’s SEC overhang and ongoing XRP Ledger activity tied to payments, tokenization, and RLUSD. At the same time, US-based spot XRP ETF products have continued to attract institutional interest, recording nearly $12.5 million in net inflows so far this month.

Similar periods of accumulation by stronger holders alongside declining participation from micro wallets have often created conditions that favor further upside, the firm added.

$1.13 Breakout in Focus

From a technical perspective, ChartNerd said XRP faced another rejection after testing its daily 50-day exponential moving average (EMA), the same technical level where its previous two rallies lost momentum. The price has since pulled back to around $1.13. Despite the rejection, he said the bullish outlook remains intact as long as the crypto asset holds the $1.11-$1.09 support zone.

Maintaining that range could preserve momentum for a move toward $1.25. However, the analyst warned that a break below the support area would weaken the current setup and increase the likelihood of falling back to the $1 level. He had previously rejected claims circulating on social media that XRP had already broken out of the downtrend that started in July 2025.

Offering a similar view, analyst Ali Martinez also said a decisive move above the $1.13 level could confirm XRP’s bullish breakout and open the door to further gains.

Others believe the cross-border token continues to trade within a year-long descending pattern, and only a clear break above $1.20-$1.30 soon could invalidate the setup.

Source: CryptoPotato