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Major XRP holders add 70M tokens as price nears $1.12 resistance amid Binance reserves drop.

Technical Signals
17 Jul 2026
Blockonomi
View Source
Bullish
Major XRP holders add 70M tokens as price nears $1.12 resistance amid Binance reserves drop.

Between July 11 and 15, large XRP holders increased their holdings by 70 million tokens, pushing total whale balances to 3.83 billion XRP. Meanwhile, Binance's XRP reserves fell to 2.61 billion, the lowest since February 2026, indicating reduced token availability on exchanges. XRP is trading around $1.11, approaching a key resistance near $1.12 within a symmetrical triangle pattern, with technical indicators suggesting potential for a breakout that could lead to a 20% rally. Additionally, Binance launched an $800,000 XRP airdrop campaign for RLUSD holders running from July 17 to August 14, supporting market interest amid growing futures open interest at $2.5 billion and concentrated liquidation zones near current prices.

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