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XRP Exhibits Early Bullish Signals with Whale Accumulation Amid 41% Year-to-Date Decline
Overall sentiment: Positive
Published Jul 18, 2026 · Retrieved Jul 18, 2026
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- XRP is showing initial signs of a bullish trend after a 41% drop year-to-date. Newsworthy Reliable Positive
- On-chain data reveals a deleveraging phase similar to the one before XRP’s 2024 rally with a 790% surge. Newsworthy Reliable Positive
- Whales are accumulating XRP by withdrawing around $57 million from exchanges to private wallets, indicating confidence. Newsworthy Reliable Positive
- The network value to transactions (NVT) ratio suggests XRP is currently undervalued, potentially supporting price recovery. Newsworthy Plausible Positive
- Ripple Payments Europe obtained an EU MiCA Crypto-Asset Service Provider license, expanding regulated crypto services across 30 countries. Relevant Reliable Very positive
- The CLARITY Act, a significant U.S. crypto regulation bill, may pass the Senate soon, ending legal uncertainty for digital assets including XRP. Relevant Plausible Positive
- Technical charts indicate XRP is in a descending wedge pattern, signaling potential late-stage accumulation and a major breakout. Relevant Plausible Positive
- XRP price shows stability with buyers defending support between $1.00 and $1.05, trading around $1.08 within a tightening wedge. Relevant Plausible Positive
Type: standard news · Analysis confidence: 90%