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XRP ETF

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XRP (XRP) traded within a key “value zone” where whales recently accumulated $170 million, signaling a tightening liquidity supply.
Key takeaways:
<ul>
 <li>XRP whales withdrew 122 million XRP, worth about $170.8 million, from Binance, signaling strong accumulation near the key $1.35-$1.40 support zone.</li>
 <li>Exchange outflows and steady spot XRP ETF inflows point to a tightening liquidity supply and growing investor demand for XRP.</li>
 <li>XRP price could target $2.33 if bulls break above $1.50 resistance, with Bollinger Bands signaling a major move ahead.</li>
</ul>
<h2 id="122-million-xrp-leave-binance-exchange">122 million XRP leave Binance exchange</h2>
XRP whale withdrawals, large exits above 1 million coins per transaction, hit 122 million on Binance on May 22, worth about $170.8 million at current rates, according to data from CryptoQuant.&nbsp;
This marked their first daily withdrawal above 100 million XRP since the 278 million XRP seen in early February.&nbsp;
“What makes the latest move more important is the price context,” CryptoQuant analyst Amr Taha <a href="https://cryptoquant.com/insights/quicktake/6a1403f3f2609c4353777b7f-XRP-Withdrawals-Above-1M-Per-Transaction-Hit-122M-on-Binance-First-100M-Day-Sinc" rel="noopener noreferrer nofollow">said</a> in a Monday Quicktake post.
Note that the Feb. 9 withdrawal spike happened while XRP was trading near $1.43, while the May 22 spike came with XRP around $1.35.&nbsp;
“This makes the $1.35–$1.40 range an important zone to watch for XRP,” the analyst <a href="https://cryptoquant.com/insights/quicktake/6a12de55f2609c4353777a40-XRP-Whales-Withdraw-49M-From-Binance-as-Price-Returns-to-FebruaryMarch-Accumulat" rel="noopener noreferrer nofollow">said</a> in another Quicktake post, adding:&nbsp;
<blockquote>
 “Repeated withdrawals near the same price range may indicate that some larger players view this area as a value zone.”
</blockquote>
<img alt="XRP price trades in ‘value zone’ near $1.40 as whales pull $170M from exchanges" height="664" src="https://s3-images.ctmedia.io/media/content/pasted-image-975.png" width="1225">
XRP: Whale outflows from exchanges. Source: CryptoQuant
This coincided with sharp exchange outflows, as the XRP net position change among exchanges dropped to -$30 million on Sunday, its most negative value since April 9, when the price was trading at $1.28. This preceded a 17% move to $1.51 on April 17.
<img alt="XRP price trades in ‘value zone’ near $1.40 as whales pull $170M from exchanges" height="1152" src="https://s3-images.ctmedia.io/media/content/pasted-image-976.png" width="2048">
XRP: Exchange net position change
Such outflows typically indicate strong accumulation by large holders, who move tokens to cold storage or increase exposure to XRP investment products, thereby reducing immediate sell-side pressure.
Meanwhile, demand for US-based spot XRP ETFs continues with these investment products recording positive flows for 16 consecutive days, totalling $116.75 million. This points to consistency in demand from US investors, adding to XRP’s tailwinds.
<img alt="XRP price trades in ‘value zone’ near $1.40 as whales pull $170M from exchanges" height="678" src="https://s3-images.ctmedia.io/media/content/pasted-image-977.png" width="2048">
Spot ETH ETFs flows chart. Source: SoSoValue
<h2 id="xrp-price-must-hold-1-30-as-support">XRP price must hold $1.30 as support</h2>
The XRP/USD pair has been trading in a tight range between $1.30 and $1.50 since early February.&nbsp;
XRP’s bullishness now hinges on holding $1.30 as support if it “stands another chance at retesting $1.50 resistance,’ analyst ChartNerd <a href="https://x.com/ChartNerdTA/status/2057739165135990937" rel="noopener noreferrer nofollow">said</a> in a recent post on X.&nbsp;
“$1.30 is a current guardrail,” the analyst said, adding:
<blockquote>
 “If lost, a deeper drop to the lower $1 territory is likely in the coming weeks.”
</blockquote>
<img alt="XRP price trades in ‘value zone’ near $1.40 as whales pull $170M from exchanges" height="825" src="https://s3-images.ctmedia.io/media/content/pasted-image-142.jpeg" width="1105">
XRP/USD daily chart. Source: X/ChartNerd
The chart below shows that the altcoin traded in a multi-year range between May 2022 and November 2024. Eventually, a break above the upper limit of the range at $0.68 ushered in a more than 400% rally to $3.40 in January 2025.
If the XRP/USD pair holds within its current range, a similar upward move could be seen once a decisive move supported by strong volume above the upper limit at $1.50 is achieved.
<img alt="XRP price trades in ‘value zone’ near $1.40 as whales pull $170M from exchanges" height="1138" src="https://s3-images.ctmedia.io/media/content/pasted-image-978.png" width="2048">
XRP/USD three-day chart. Source: Cointelegraph/<a href="https://www.tradingview.com/symbols/XRPUSD/" rel="noopener noreferrer nofollow">TradingView</a>
The Bollinger Bands are still at their tightest level since mid-2024. Similar occurrences have previously led to between 58%-82% upward moves in XRP price, as shown in the chart above.&nbsp;
As such, XRP could rise as high as $2.33, if a similar breakout plays out.&nbsp;
Analyst Crypto Patel <a href="https://x.com/CryptoPatel/status/2058571225694077150" rel="noopener noreferrer nofollow">referred</a> to the current range as the “best accumulation zone,” adding that the muted price action resembles the calm before its major breakout in late 2024.
The analyst projected an upside target at $10, implying a roughly 7x potential from the lower end of the accumulation range if XRP repeats its 2022–2024 cycle-style expansion.
<img alt="XRP price trades in ‘value zone’ near $1.40 as whales pull $170M from exchanges" height="659" src="https://s3-images.ctmedia.io/media/content/pasted-image-143.jpeg" width="1199">
XRP/USD two-week chart. Source: X/Crypto Patel
As Cointelegraph <a href="https://cointelegraph.com/markets/xrp-adds-4300-new-wallets-in-24-hours-but-why-is-price-stuck" rel="noopener noreferrer nofollow">reported</a>, overhead resistance at $1.40-$1.50 is likely to keep the price in consolidation if it is not broken.&nbsp;

XRP price trades in ‘value zone’ near $1.40 as whales pull $170M from exchanges

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