Whales Sweeping Up Below $1.4?...XRP, 120 Million Evaporate from Binance While Retail Investors 'Hesitate'

▲ XRP

While XRP is evaluated as a key accumulation zone between $1.35 and $1.4, whale investors have reportedly withdrawn $170.8 million worth of XRP from Binance. With the simultaneous outflow of volume from exchanges and inflow of funds into XRP spot ETFs, expectations for easing selling pressure in the market are growing.

According to Cointelegraph on May 25 (local time), CryptoQuant data shows that 122 million XRP, approximately $170.8 million, was withdrawn from Binance on May 22. This marks the first time more than 100 million XRP has been withdrawn from Binance in a single day since the withdrawal of 278 million XRP in early February, based on large withdrawals of over 1 million XRP.

CryptoQuant analyst Amr Taha commented, "What makes the recent movement more significant is the price context." He explained that when the surge in withdrawals occurred on February 9, XRP was around $1.43, and the surge in withdrawals on May 22 happened when XRP was around $1.35.

Taha stated, "The fact that repeated withdrawals are occurring near the same price range may suggest that some large investors view this area as a value zone." Cointelegraph explained that exchange outflows generally indicate accumulation by large holders, and investors moving tokens to self-custody or increasing their exposure to XRP investment products can reduce immediate selling pressure.

Fund flows into US-based XRP spot ETFs also continued strongly. These investment products recorded net inflows for 16 consecutive trading days, with cumulative inflows totaling $116.75 million. The overlap of exchange outflows and investment product inflows is interpreted as a tightening of XRP's circulating supply.

In terms of price, the defense of $1.30 was presented as a key variable. Analyst ChartNerd analyzed that XRP must maintain $1.30 as a support level to retest the $1.50 resistance. He stated, "$1.30 is currently a guardrail," adding, "If this line is lost, there's a high probability of a deeper decline to the low $1 range in the coming weeks."

XRP has moved within a narrow range between $1.30 and $1.50 since early February. Cointelegraph reported that XRP remained in a long-term box range from May 2022 to November 2024, then broke above its upper boundary of $0.68, surging 400% to $3.40 in January 2025.

Analysis suggests that a similar upward trend could occur if the $1.50 upper boundary is broken with strong trading volume in the current range. Bollinger Bands have contracted to their narrowest level since mid-2024, and similar past trends led to XRP price increases of 58% to 82%. If this scenario repeats, XRP could rise to a maximum of $2.33.

Analyst Crypto Patel described the current range as the "best accumulation zone." He evaluated that the recent quiet price movement is similar to the calm before a major breakout in late 2024. Crypto Patel suggested that if XRP repeats its cyclical expansion from 2022 to 2024, it has a potential for approximately 7x growth based on the lower accumulation zone, setting a target price of $10. XRP is simultaneously facing three variables—whale withdrawals, ETF inflows, and volatility contraction—between the $1.30 support and $1.50 resistance levels.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*