XRP Price Rebounds 5% to $1.11 Amid Whale Buying and Shrinking Exchange Supply

XRP's price has recovered by over 5% from its recent low of $1.05, reaching $1.11 as it tests resistance within a symmetrical triangle pattern.

The rebound is attributed to heavy whale buying and shrinking exchange supply, with XRP whales accumulating 70 million tokens between July 11-15, pushing combined whale holdings to 3.83 billion XRP.

Binance's XRP reserves dropped to 2.61 billion, the lowest level since February 2026, indicating fewer coins are immediately available for selling.

Cooling US inflation data also supported broader crypto sentiment, helping XRP recover from its recent lows.