XRP (CRYPTO: XRP) climbed more than 8% over five weeks as large holders added to their positions while smaller retail wallets sold, a divergence that analytics firm Santiment said points in a bullish direction historically.

What The Whale And Retail Data Shows?

Santiment tracked wallets holding between 100,000 and 100 million XRP adding 2.8% more coins over the past five weeks, coinciding with XRP rebounding from $1 at the end of June to $1.16. 

At the same time, the smallest wallets shed 5.2% of their holdings across the same period.

“Historically, XRP price has tended to move more with key stakeholders and against the smallest retail wallets, so this split supports the bullish case behind the bounce,” Santiment wrote on X.

Moreover, Santiment tied the accumulation to several fundamental developments, including improved institutional access through potential ETF products and continued utility on the XRP Ledger for payments, tokenization, and the RLUSD stablecoin.

What The Derivatives Data Show

CryptoQuant analyst Arab Chain reported the 30-day Open Interest Z-Score for XRP futures on Binance rose to approximately 1.60, with open interest reaching 440.6 million XRP against a 30-day moving average of 418.5 million XRP.

Metric	Value	Context
30-Day OI Z-Score (Binance)	1.60	Above historical average — faster-than-usual return of leveraged activity
Current Open Interest	440.6M XRP	Above the 30-day MA of 418.5M XRP
30-Day Moving Average (OI)	418.5M XRP	Baseline for the Z-Score calculation
2025 Peak OI	>1 billion XRP	Current reading well below that peak — significant headroom remains
RSI (Jul 23)	55.21	Bullish territory — minor pullback from Tuesday’s $1.1446 high

Arab Chain outlined two scenarios based on where open interest goes from here. If open interest keeps climbing alongside higher prices, it signals growing market confidence and supports the bull case. 

If open interest rises while price stays weak, it increases the risk of large-scale liquidations. With XRP consolidating between Fibonacci levels and RSI holding above 50, the current setup is in the position-building phase that resolves when a catalyst confirms direction.

Where XRP Stands Technically After the Triangle Breakout

XRP dipped to $1.1357 on Wednesday, pulling back after Tuesday’s push toward $1.1446, but the post-breakout structure remains intact. 

Price is consolidating between the 0.382 Fibonacci level at $1.1153 and the 0.5 level at $1.1465, which is normal behavior after a triangle breakout. 

RSI holds at 55.21, keeping momentum in bullish territory despite the minor pullback.

Fibonacci targets on continuation:

• $1.1822 — 0.618 Fibonacci, first target
• $1.2299 — 0.786 Fibonacci, major target
• $1.2906 — full recovery target

Key levels for XRP:

• $1.1116 — 20-day EMA acting as immediate support
• $1.1000 — breakout zone floor that must hold

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