XRP has captured market attention after on-chain data revealed that whales accumulated 70 million XRP over the past seven days, according to crypto analyst Ali Charts. The surge in whale activity coincided with a rare monthly TD Sequential buy signal—a long‑timeframe indicator that has historically preceded major XRP price movements.
Adding to the bullish narrative, options volume skyrocketed by 1,004.79% to reach $28.53 million. This explosive growth in the derivatives market suggests traders are positioning for a significant move. On the daily chart, XRP was trading at $1.1132 on July 16, up just 0.04%, but holding firmly above the 20-day EMA. The price action is taking place at the apex of a long‑standing descending wedge, a pattern known for producing violent breakouts when resolved.
Meanwhile, spot XRP exchange‑traded funds recorded zero net inflows over the first three days of the week, yet their cumulative base of $1.48 billion remains intact. The combination of whale accumulation, a rare buy signal, and suddenly active options markets all point toward an impending volatility spike, with traders closely watching the wedge breakout direction.
