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XRP whales bought 70M tokens as price rebounds above $1.11 and Binance reserves hit 5-month low

Market News
16 Jul 2026
Crypto news
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Bullish
XRP whales bought 70M tokens as price rebounds above $1.11 and Binance reserves hit 5-month low

XRP whales accumulated 70 million tokens in one week amid a price rebound above $1.11 and Binance's XRP reserves dropping to their lowest in five months. This buying activity coincides with positive market sentiment and cooling US inflation, which has eased fears of tighter monetary policy. XRP is currently testing resistance near $1.12 within a symmetrical triangle pattern, with futures open interest at $2.5 billion indicating strong trader engagement. Binance also launched an $800,000 XRP airdrop campaign to promote Ripple USD adoption, potentially supporting further demand.

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