XRP Holds $1.10 Support as Whale Accumulation and US Crypto Bill Stir Outlook

XRP is holding the closely watched $1.10 support area as traders weigh a potentially pivotal mix of whale accumulation, shifting exchange flows, and fresh momentum in U.S. crypto market-structure legislation. While price action has been largely rangebound, analysts say the combination of on-chain positioning and regulatory headlines is drawing attention to a possible 'structural' inflection point for the token rather than a routine swing in sentiment.

As of July 23, 2026 at 4:42 p.m. UTC, XRP was trading at $1.1092, down 4.00% over the past 24 hours, according to CoinMarketCap data. Over the past week, XRP was effectively flat, up 0.03%, with a market capitalization of roughly $69.29 billion, representing about 3.14% of the total crypto market.

Spot activity remains heavily concentrated on centralized venues. XRP’s 24-hour trading volume was approximately $1.032 billion, with centralized exchanges accounting for nearly all of it at about $1.031 billion. Decentralized exchange volume was only about $670,000, underscoring that near-term price discovery is still being driven primarily by CEX liquidity rather than on-chain DEX activity.

XRP’s circulating supply stands around 62.466 billion tokens, against a maximum supply of 100 billion. Based on current pricing, the fully diluted valuation was estimated near $110.92 billion. Longer-horizon returns continue to show recent volatility: XRP was up 0.93% over 30 days, but down 17.66% and 22.97% over 60 and 90 days, respectively.

Behind the sideways tape, holder composition has been shifting in a way that many market participants interpret as quietly constructive. Data from Santiment shared with CoinDesk showed that wallets holding between 100,000 and 100 million XRP increased their balances by about 2.8% over the past five weeks, while smaller wallets reduced holdings by roughly 5.2% over the same period. The pattern—'whales accumulating' while retail exposure declines—has historically been viewed as a setup that can precede trend continuation, particularly for assets where large stakeholders tend to influence liquidity conditions.

Exchange-flow data is also pointing to reduced immediate sell pressure. An analysis citing CryptoQuant data indicated that whale inflows of XRP to Binance fell to around 25.3 million XRP, the lowest level since January 2025. Lower exchange inflows are often read as fewer tokens being positioned for near-term distribution, though analysts caution that flows are only one input and can reverse quickly around macro or regulatory catalysts.

The biggest headline catalyst this week came from Washington. U.S. Treasury Secretary Scott Bessent said the 'CLARITY Act'—a bill aimed at defining crypto market structure—has moved close to agreement in the Senate, describing it as reaching the “1-yard line” after negotiators resolved sticking points related to ethics provisions. The remarks sharpened expectations that lawmakers could advance a clearer rulebook for digital assets, an outcome markets have long treated as a tail risk reducer.

XRP reacted quickly to the news, rallying about 3.5% intraday to a high near $1.1511 before settling around the mid-$1.14 range, according to the figures cited in the source. The move also triggered roughly $2.93 million in leveraged short liquidations, highlighting how tightly positioned traders remain around key technical levels. Passage would require 60 votes in the Senate, with reports suggesting Republicans hold 53 seats and at least a small number of Democrats have signaled support. Lawmakers are targeting action before the August recess.

For XRP specifically, the legislative debate has outsized symbolic weight because the token’s market narrative has repeatedly hinged on 'regulatory clarity' and the boundaries between securities and commodities oversight. Market participants say a successful framework bill would not resolve every enforcement question, but could reduce uncertainty around listings, custody, and institutional participation—areas that have been central to XRP’s adoption story for years.

Institutional positioning is being watched in parallel. While flows into spot altcoin ETFs have been relatively modest compared with Bitcoin (BTC) products, some market observers have pointed to steady incremental demand across select names, with XRP mentioned alongside Solana (SOL) and Hedera (HBAR) as potential beneficiaries of broader product expansion. In institutional discussions, XRP and HBAR have frequently been grouped with themes such as ETFs, regulated custody, tokenized assets, and enterprise-grade infrastructure.

Still, strategists caution that even in a constructive regulatory backdrop, altcoins remain vulnerable to sharp drawdowns if volatility rises across the broader market. FXStreet, cited in the source material, flagged that several higher-beta tokens—including XRP, Hedera, and Hyperliquid—could face downside risk if risk appetite deteriorates or liquidity conditions tighten.

Beyond price and policy, developments inside the Ripple ecosystem are adding to the longer-term narrative. Ripple’s stablecoin RLUSD has been discussed in the context of tokenized U.S. Treasury settlement infrastructure associated with BNY Mellon, reinforcing the idea that the XRP Ledger (XRPL) is positioning itself for institutional-grade tokenization and payments use cases. Separately, XRPL has completed integration with Axelar, a cross-chain interoperability protocol, opening additional paths for DeFi connectivity and multi-chain liquidity access—an expansion advocates say could broaden utility beyond its traditional payments focus.

From a technical standpoint, analysts continue to frame the near-term battle around the upper end of XRP’s recent range. CoinStats AI identified resistance levels near $1.1440 and $1.1615, with a stronger ceiling around $1.1866. In a more bullish medium-term scenario, projected targets were cited in the $1.25 to $1.30 zone. XRP has rebounded more than 8% from roughly $1.00 to near $1.16 over the past five weeks, dipped to around $1.04 last week, and then recovered into the low $1.10s—leaving the market focused on whether price can establish acceptance above $1.15.

For now, traders see limited signs of panic selling, and some interpret the pullback as a cooling phase within a broader recovery rather than a full trend reversal. Over the coming weeks, attention is likely to remain fixed on two swing factors: the trajectory of the CLARITY Act in the Senate and whether incremental 'institutional inflow' into XRP-linked products and infrastructure narratives translates into sustained demand—enough to turn the $1.10 support into a base for the next leg higher.