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XRP whales buy 70M tokens as price eyes breakout above $1.12 amid network upgrade and policy shifts.

Technical Signals
16 Jul 2026, 18:22 WIB
Dailycoin
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Bullish
XRP whales buy 70M tokens as price eyes breakout above $1.12 amid network upgrade and policy shifts.

XRP is approaching a key resistance level at $1.12, with whales quietly accumulating 70 million tokens over the past week, signaling confidence in a potential price breakout. Technical analysis points to an inverse head-and-shoulders pattern that could push XRP toward $1.30 if it breaks above $1.12. Meanwhile, the XRP Ledger is preparing for a network upgrade to improve reliability, and regulatory debates around stablecoin rules are influencing market sentiment. These factors combined suggest XRP is positioned for significant movement soon, making $1.12 a critical price point to watch.

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