XRP whales pull $170M from exchanges as price holds $1.35 support
Whales withdrew $170 million in XRP from Binance as the price holds a key $1.35-$1.40 accumulation zone, signaling potential breakout.
XRP price is holding above $1.35 as large holders, known as whales, have withdrawn $170 million worth of XRP from Binance, according to on-chain data. The move suggests accumulation at current levels, with the $1.35-$1.40 range acting as a key support and value zone.
The withdrawal of $170 million in XRP from exchange reserves reduces the available supply on trading platforms, which can create upward pressure on price if demand remains steady. For crypto traders, such whale activity is often interpreted as a bullish signal, indicating that large investors are moving assets into private wallets for long-term holding rather than preparing to sell. This supply squeeze, combined with the price holding above the $1.35 support level, points to a potential breakout above the $1.40 resistance. Traders can monitor these moves on NowPrice's live crypto dashboard to track real-time price action and whale wallet activity.
Looking ahead, the key level to watch is $1.40. A decisive break above this resistance could open the door toward the next major zone around $1.70. On the downside, losing the $1.35 support would invalidate the bullish setup and could lead to a retest of lower levels. Market participants will also keep an eye on broader crypto sentiment and Bitcoin's price direction, as XRP often moves in correlation with the overall market.