XRP price approaches critical resistance after buy signal on monthly chart

The XRP price is at $1.04 and is sitting just below a technically important level. Analyst Ali Martinez, known as alicharts on X, points to a buy signal visible on the monthly chart of XRP. At the same time, on-chain data shows that large investors have been buying heavily over the past week.

XRP is available at OKX and Bybit.

In short:

• The Tom DeMark Sequential gives a buy signal on the XRP monthly chart, an indicator that in the past preceded major price movements.
• Whales bought more than 380 million XRP over the past week.
• Key resistance is at $1.06. A monthly close above that opens the way to $1.35 and possibly $1.64.

Tom DeMark Sequential gives signal on monthly chart

Ali Martinez shares an analysis of the monthly XRP chart on which the Tom DeMark Sequential indicator issues a buy signal. This technical signal suggests a possible shift from downward to upward momentum over the long term.

The analyst points to a clear pattern from the past six years. In April 2020, a similar buy signal was followed by a rise of 1.074%. In August 2022, a new signal led to a rally of 973%. In April 2025, a sell signal appeared, after which the XRP price fell by 57%. Whether the current signal will have the same effect remains to be seen.

Whales buy heavily around current price

Alongside the technical signal, on-chain data from Santiment shows that large investors have bought more than 380 million XRP over the past week. The total amount of XRP held by whales rose from approximately 7.9 billion to over 8.2 billion XRP during that period.

The fact that large parties are buying at this time while the price is low is generally seen by analysts as a sign of confidence in a recovery. It also fits the broader picture that multiple assets are currently in an accumulation phase.

Resistance at $1.06 determines the next step

Data from Glassnode shows that nearly 3 billion XRP changed hands around the $1.06 level. That makes this price level technically a heavy resistance. As long as the price does not break through convincingly, further upward room remains limited.

If XRP manages to close the month above $1.06, a recovery towards $1.35 could be on the horizon. After that, $1.64 might be the next target. For now, XRP is trading around $1.04, meaning the coin is still just below that threshold, with a daily gain of 0.3%.