XRP price has recovered to trade above $1.50 following a sharp three-day rally, with large-holder activity coinciding with the move. Whale balances increased by approximately 1.54 billion XRP tokens over a 96-hour period between September 16 and September 19, valued at roughly $2.2 billion based on prices used in the analysis.
Large-holder XRP balances jumped from approximately 8.1 billion to about 9.7 billion tokens during this period, with the largest increase occurring between September 16 and 17. XRP gained 8.22% over the three-day span. The token is now trading around $1.53 and pressing into the $1.55–$1.60 resistance zone, where on-chain data indicates a significant concentration of previously traded supply.
Supply Levels and Price Resistance
On-chain analysis using Realized Price Distribution shows roughly 2.5 billion XRP previously changed hands around the $1.60 level, representing the largest visible supply concentration immediately above the current price region. Smaller concentrations appear near $1.49, while larger clusters sit near $1.68, $1.86, $2.19, and $2.29.
A move through $1.60 would push XRP into a relatively thinner section of the supply profile before the next major clusters emerge. Rejection at this level would leave the recent rally exposed to profit-taking around $1.50. A break below the $1.25–$1.30 base would weaken the current recovery structure.
Technical Indicators and Market Structure
The daily chart shows a strong recovery from the $1.25–$1.30 region, with the latest advance accompanied by noticeable volume expansion. The daily RSI sits around 64, keeping momentum firmly positive without reaching the 70-plus zone typically associated with overbought conditions.
New Derivatives Market
Moscow Exchange began trading perpetual futures linked to its XRP index on September 22. The XRP contract is quoted in U.S. dollars and settled in Russian rubles, available only to qualified investors. The exchange also launched comparable perpetual contracts for Bitcoin, Ether, Solana, and Tron indexes. MOEX reported more than 72,000 qualified investors had traded its crypto-linked futures, with cumulative turnover exceeding 600 billion rubles.
