XRP is clinging to the $1.13 breakout level this week, and the data behind the move is starting to look more convincing. Whale selling pressure has fallen to its lowest point since 2025, while whale accumulation is on the rise. At the same time, daily payment activity on the XRP Ledger has topped 500,000 transactions — a sign the network is seeing real use, not just speculative churn.
Golden cross and the $1.22 target
A golden cross has appeared on XRP's chart, a pattern traders often treat as a medium-term bullish signal. Market analyst Dark Defender, using Elliott Wave analysis and Fibonacci extension levels, pegs the next upside target at $1.22 — roughly $1.2269. The combination of a resistance breakout and a golden cross strengthens the technical setup, but it's not a guarantee.
Why $1.13 matters
The $1.13 level is the key support right now. XRP broke above it recently, and holding that line is what keeps the bullish structure intact. If the price slips back below $1.13, the next stop could be a retest of lower support. That's the line in the sand for anyone watching the chart.
Network activity backs the story
Beyond the price action, the XRPL is humming. Daily payment volume crossed half a million transactions, a metric that matters more than wallet count or TVL for a payments-focused blockchain. The ecosystem is also seeing projects that blend AI with blockchain infrastructure, though those are still early-stage.
The immediate question is whether XRP can push toward $1.22 or if the selling pressure returns. With whale accumulation climbing and network usage at a high, the odds tilt bullish — but crypto has a way of punishing overconfidence. The $1.13 floor will be the first test if momentum fades.
