XRP Holds Above Key Support as Resistance Near $1.10–$1.11 Caps Upside
Key Takeaways
- •XRP remained trapped between support near $1.05 and a compact resistance zone spanning $1.10 to $1.11, with the daily RSI around 47 indicating weak momentum.
- •A daily close above the $1.10–$1.11 resistance area would bring a higher horizontal barrier near $1.15 into focus, while a close below $1.05 could expose support around $1.
- •Transfers exceeding 100,000 XRP represented 79.8% of Binance outflow value and 70.8% of Coinbase outflow value, confirming that large transactions dominated activity on both exchanges.
- •Binance saw its largest share from transfers above one million XRP at 55.3%, whereas Coinbase was led by the 100,000-to-one-million XRP tier at 55.8%, indicating divergent transaction-size patterns.
- •The CryptoQuant outflow data does not reveal destinations, ownership, or whether total exchange balances actually declined, meaning the transfers cannot be confirmed as accumulation or evidence of tightening supply.
XRP traded near $1.08, remaining confined below the 100-day simple moving average (SMA) at $1.10 and a former rising trendline that was breached in late July. That leaves the token sitting in a narrow technical band where traders are watching whether support near $1.05 continues to hold while exchange-flow data shows sizeable transfers rather than a clear direction change.
Resistance Consolidates Between $1.10 and $1.11
The first resistance level sits at the declining 100-day SMA near $1.10. The broken rising trendline crosses slightly higher, around $1.11, creating a compact resistance zone rather than two separate levels.
A daily close above that area would bring the horizontal barrier near $1.15 back into focus. The 200-day SMA remains considerably higher at approximately $1.21 and does not represent an immediate test while XRP trades below $1.11.
Support holds near $1.05. A daily close below that level would expose the wider floor around $1:
- Immediate support: $1.05
- Resistance zone: $1.1024–$1.11
- Higher horizontal barrier: Approximately $1.15
- Lower support: Near $1
The daily Relative Strength Index (RSI) stood near 47, close to its signal line and below the neutral 50 threshold. Momentum remains weak, consistent with the absence of a sustained move away from the current trading range.
Large Transfers Dominate Exchange Outflows
CryptoQuant's transaction-size data indicates that high-value transfers accounted for the majority of daily XRP outflow value on both Binance and Coinbase, though different transaction groups led each platform.
On Binance, transfers exceeding one million XRP represented 55.3% of daily outflow value. On Coinbase, the same category accounted for only 15%, while transfers between 100,000 and one million XRP made up 55.8%.
Combined, transfers above 100,000 XRP represented:
- 79.8% of Binance outflow value
- 70.8% of Coinbase outflow value
Binance activity was concentrated in the largest transaction group, whereas Coinbase was led by the tier immediately below. This divergence suggests that the composition of large transactions varied between the two exchanges rather than reflecting a single uniform pattern across the market.
Outflow Data Does Not Reveal Destination
The CryptoQuant figures show which transaction sizes accounted for the largest share of daily XRP outflow value, but they do not indicate whether total exchange balances actually declined. The data also cannot identify the owners, destinations, or purpose of the transfers.
Large withdrawals could reflect investors moving XRP into self-custody, institutions shifting assets between custodians, or exchanges reorganizing internal wallets. Only the first scenario would clearly reduce immediately available supply and potentially ease short-term selling pressure.
If similar large-holder withdrawals continue alongside falling exchange balances, the effect could become more meaningful over time by tightening the amount of XRP available for sale. That dynamic would matter most if it coincided with a move back above the nearby resistance cluster, since exchange-flow data alone does not confirm whether recent activity is tied to accumulation or simply asset movement.
For now, the figures indicate active large transactions rather than proven accumulation. XRP continues to hold above $1.05, but buyers need to clear the $1.10–$1.11 resistance area before the short-term structure improves.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Moving averages, technical levels, and exchange outflow metrics do not guarantee future price performance.
Methodology: Price levels, moving averages, RSI, and trendlines are derived from the XRP/USD daily Coinbase chart dated August 3, 2026. Exchange activity uses CryptoQuant's Binance and Coinbase Daily Outflow by Value Share data. The CryptoQuant price series was not used in the technical analysis. Outflow-share figures describe transaction-size composition and do not measure absolute outflow volume, net flows, ownership, or final destination.