XRP Price Holds Key Support as Whales Move $170 Million Off Exchanges

XRP is trading in a crucial price range between $1.35 and $1.40 after large investors moved nearly 122 million XRP, worth around $170.8 million, out of Binance. The large withdrawal, recorded on May 22, is being closely watched by traders because it may point to growing confidence among major holders.

Market analysts noted that this is the first time since early February that whale withdrawals crossed 100 million XRP in a single day. Interestingly, a similar movement happened when XRP traded near $1.43, making the current range a possible accumulation zone for investors expecting future gains.

XRP Exchange Outflows and ETF Demand Support Price

Large withdrawals from exchanges often suggest investors are moving assets into private wallets instead of preparing to sell. This can reduce short-term selling pressure and tighten available supply in the market.

At the same time, spot XRP exchange traded funds in the United States have continued attracting money, recording 16 straight days of positive inflows totaling $116.75 million. This steady demand has added support to market sentiment.

XRP Price Levels to Watch

XRP has stayed within a narrow range of $1.30 to $1.50 since February. Analysts believe $1.30 remains a major support level, while breaking above $1.50 could trigger a stronger rally.

Technical indicators also suggest momentum may be building. If buying pressure increases, XRP could potentially move toward the $2.33 level in the coming weeks.