XRP Supply Tightens as Price Holds Near $1.34, Analysts Brace for Bigger Move

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CryptoQuant data showed that 122 million XRP, worth about $170.8 million at the time, was withdrawn from Binance on May 22, 2026.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 a crypto asset used in the Ripple ecosystem, and its price performance is closely tied to market risk appetite and holders’ cost bases. On-chain analytics firm Glassnode uses the “supply in profit” metric to measure the share of tokens whose current price exceeds their acquisition cost. A decline means more investors are sitting on unrealized losses, potentially adding to selling pressure.

Glassnode’s latest data showed that XRP’s supply in profit had fallen to 43%, its lowest level since November 2024 and in about 17 months. Holders are realizing losses of roughly $110 million a day. From a technical perspective, XRP has broken below a rising-wedge consolidation pattern. If selling pressure persists, the pattern points to a downside target of about $1.10.