XRP’s 18.19% upswing on Friday has pushed the OG altcoin to $1.29, a confluent resistance level untouched since early June. Ripple’s native crypto currency scorched past the $1.10 resistance, coinciding with the mid-tier Bollinger Band (BOLL).
Two Thresholds Secured: What’s Next For XRP?
Presently, XRP’s price trades approximately 10 cents above the green SuperTrend price, while a bigger breakout could happen if the altcoin sustains above the $0.32 region. This red-label Bollinger Band promises a wider breakout – something crypto whales have been anticipating.
According to Ali Martinez, crypto’s big-time investors have been preparing for this for the past four days: the 300 million XRP tokens acquired symbolize an outbreak in buying activity. Per Santiment’s data, the cumulative amount held by crypto whales has breached 16.36 billion.
The total circulation is currently limited to 62.68 billion XRP coins, while the total supply is capped at 100 billion. A growing whale concentration is typically treated as a bullish sign – this often reflects a broader long-term holder sentiment to HODL rather than trade the token.
XRP’s Funding Rate Shoots Up, Bears Pay For It
With a market-wide short squeeze wiping out billions of dollars for short-sellers, the bears are now less keen to bet on XRP’s price downturn. Data shows that XRP’s Open Interest (OI) weighted funding rate has skyrocketed to the highest level since early January, 2026.
Basically, this means that short-sellers, otherwise known as crypto bears, have been increasingly paying for XRP’s bulls’ positions. Also, the short squeeze flushed out extra leverage on the bearish side, considerably shifting the broader sentiment from bearish to bullish.
The long versus short XRP price ratio on the Futures markets is still slightly on the bearish side at 0.97, but shorts took in $26.33 million out of $42.66 million in liquidations. The overall action on leveraged markets amplified the risk-on appetite. XRP’s trading volume on Futures grew by 137% overnight with OI volume hitting $3.29 billion.
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