XRP Exchange Outflows Hit 35 Million Tokens in One Day, Fueling Expectations of a 30% Price Gain

XRP is the crypto asset used in the Ripple ecosystem, and exchange balances are often viewed as an indicator of short-term selling pressure. When whales move tokens off major exchanges such as Binance, it typically suggests that holdings are being transferred to private wallets or held for the long term, reducing the supply available for immediate sale. However, such withdrawals do not necessarily mean the price is about to rise.

More than 720 million XRP have left major cryptocurrency exchanges since June 3, with whale withdrawals from Binance the most pronounced. Risk-adjusted return data suggest that XRP may currently be in an accumulation range. Based on those indicators, market analysts estimate that a subsequent rebound could reach 50% if buying demand and broader market conditions are supportive.

XRP is the native token of the XRP Ledger, and its price is closely tied to exchange liquidity and the activity of large holders. Whale transfers from exchanges to self-custody typically reduce the supply available for sale in the short term, though they do not necessarily represent buying. CryptoQuant analyst Amr Taha therefore views $1.35–$1.40 as a key value and support zone.

CryptoQuant data showed that 122 million XRP, worth about $170.8 million at the time, was withdrawn from Binance on May 22, 2026. It was the first day since early February that withdrawals exceeded 100 million XRP. Cointelegraph reported on May 25 that if XRP holds above $1.30 and breaks through resistance at $1.50 on strong volume, its technical target could reach $2.33.

XRP is the crypto asset used for cross-border payments and settlement within the Ripple ecosystem. Its price is often influenced by technical patterns and exchange flows. A similar breakout pattern in 2025 was followed by a cumulative 66% rally, making the latest bull-flag breakout and fund movements at South Korea's Upbit key indicators of the near-term trend.

The latest reports show XRP retested support after breaking out of a bull flag and remained above $1.42. Technical analysis points to a target of $1.70–$1.72, implying potential gains of about 20%. Over the same period, XRP withdrawals from South Korea's Upbit reached an all-time high, prompting market speculation that large holders may be moving tokens off the exchange to accumulate them.

XRP is the core token of the Ripple ecosystem. U.S. spot XRP ETFs have attracted about $1.1 billion since launching in mid-November 2025, according to SoSoValue. Institutional allocations to XRP have persisted even as flows into Bitcoin ETFs weakened over the same period, pointing to capital rotation within the crypto market.

On February 25, 2026, XRP rose about 6% from $1.34 to $1.42, breaking above $1.40. Bitrue said spot buying volume increased 212% from February 23 to 24 and was more than twice the selling volume. As of April 29, SoSoValue put net ETF inflows for the month at $83.9 million.

The XRP Ledger (XRPL) is a public blockchain that supports XRP transfers, payments and asset issuance. In early 2026, real-world asset (RWA) tokenization projects drove on-chain demand, while network usage diverged from XRP's market performance. Whether ecosystem adoption can translate into demand for the token has consequently become a key issue to watch.

Daily transactions on XRPL recently climbed to about 2.7 million, signaling a marked increase in on-chain activity. XRP rose as much as 3%, breaking above $1.39 and ending its downtrend since early 2026. The rally failed to hold, however, and the token has continued to trade primarily within a range of $1.34 to $1.44.