Nearly 35 million XRP left exchange platforms in a single day. This massive withdrawal comes as spot XRP ETFs have accumulated $82.88 million in three weeks and the token trades around $1.43. Unprecedented this year. 📊
🔍 What's happening?
On April 24, exactly 34.94 million XRP were transferred to private wallets. This is the sixth largest outflow of the year. The analytics platform Santiment notes that these movements have historically preceded bullish phases in the crypto market.
At the time of writing, XRP is trading at $1.43 following a consolidation period. US spot XRP ETFs now manage $1.1 billion in assets under management. This dual dynamic creates unprecedented technical tension on the token.
💡 Why does it matter?
When millions of tokens leave exchanges, the available supply for sale mechanically contracts. At the same time, institutional demand through ETFs continues to climb. This classic supply-demand equation creates potential bullish pressure.
Analysts have identified a key resistance zone between $1.87 and $1.89. If this level breaks, a 30% rally could trigger according to several technical scenarios. XRP is at an inflection point where every signal counts.
📊 Our take
In our view, this type of on-chain movement never happens by accident. Major holders are quietly accumulating while the market consolidates.
The combination of massive withdrawals plus institutional ETF inflows creates an interesting setup. XRP has been compressed in a tight range for several weeks. The $1.87-$1.89 zone represents the technical resistance to watch. If it breaks on volume, the move could be violent to the upside. On-chain data clearly shows increased retention, which reduces immediate selling pressure. On the European regulatory side, the AMF remains cautious on crypto, but US ETFs are setting a precedent that could influence France in the medium term.
We're betting on a bullish breakout in the coming weeks if ETF inflows hold steady. For the French trader: watch the $1.87 level with a tight stop below $1.40 if you enter a position.
✅ Key takeaways
- 34.94 million XRP left exchanges on April 24
- $82.88 million entered via ETFs over three weeks
- Decisive resistance zone between $1.87 and $1.89
- 30% bullish potential if breakout confirmed
What do you think? Do you believe institutions will keep accumulating XRP or are you still skeptical about this token?
🔎 Also worth reading
To dive deeper, find all our Crypto analyses on ActuTrading Crypto 📈
Source: Santiment, US ETF data
