XRP (XRP) Price: Whale Withdraws 580 Million Tokens From Exchanges

TLDR

• A whale withdrew 580 million XRP, worth about $900 million, from exchanges in seven transactions.
• XRP recorded $6.76 million in spot net outflows over 24 hours.
• XRP’s Exchange Reserve USD fell 2.48% during the same period.
• XRP broke above a descending pennant and now trades near $1.53, just below $1.57 resistance.
• A move above $1.57 could open a path to $1.70, while $1.50 acts as support.

A large XRP holder withdrew 580 million tokens from exchanges, according to recent data. The whale completed seven transactions worth about $900 million in total.

The move reduced the amount of XRP readily available for trading on exchanges. Other exchange data also pointed to shrinking supply.

At the time of writing, XRP traded around $1.53. The token is now testing a price zone near $1.57, where sellers stopped earlier rallies.

Exchange Supply Continues to Fall

XRP recorded $6.76 million in spot net outflows over a 24-hour period, according to CoinGlass data. This means more tokens were withdrawn from exchanges than deposited.

Recent activity on the chart has also shown frequent negative readings. This suggests outflows have been a repeated pattern.

XRP’s Exchange Reserve USD fell 2.48% during the same period. Exchanges collectively held less XRP by dollar value.

Lower exchange balances can reduce the supply available for immediate selling if demand holds. However, falling reserves alone do not guarantee a higher price.

Pennant Breakout Tests Resistance

On the daily chart, XRP broke above a descending pennant pattern. The breakout carried the price toward the $1.5759 resistance level.

XRP Price on CoinGecko

The $1.50 level now sits below the current price as support. The price has stayed above it since the breakout.

Trend indicators continue to favor buyers. The +DI reading stood at 34.70, well above the -DI reading of 11.41.

The ADX measured 41.83, which reflects strong directional conditions. The Money Flow Index sat at 57.93, below overbought territory.

A sustained move above $1.57 could open a path toward $1.70, according to the analysis. A failure at that level could send the price back toward $1.50 support.

Derivatives data added another layer to the setup. CoinGlass’s 24-hour Liquidation Heatmap showed concentrated liquidity above the current price.

The nearest dense band sat around $1.535 and extended to nearly $1.56. XRP had already reached the lower part of that cluster.

Further gains could trigger liquidations across those positions and pull the price higher into the cluster. That would bring XRP closer to the $1.57 resistance.

Some liquidity also appeared below the price, mainly near $1.50. The strongest nearby concentration, however, sat above the market.

If buyers clear the overhead liquidity and the $1.5759 resistance, the pennant breakout could extend toward $1.70. For now, XRP trades near $1.53, just below that key level.

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