XRP Whales Withdraw $170M as ETF Inflows Continue: Price Holds Key Support
XRP whales pulled $170M from Binance near $1.35-$1.40, signaling accumulation. With 16 straight days of spot ETF inflows totaling $116.75M, tight supply could push price to $2.33 if $1.50 resistance breaks, but losing $1.30 support risks a drop to lower $1s.
Quick Take
122M XRP (~$170.8M) withdrawn from Binance on May 22 in whale accumulation.
XRP spot ETFs saw 16 consecutive days of inflows, totaling $116.75M.
$1.30 is critical support; breaking above $1.50 could target $2.33.
Bollinger Bands tightest since mid-2024, historically leading to 58-82% rallies.
Market Impact Analysis
BullishWhale accumulation and ETF inflows suggest institutional interest and tightening supply, which could push price higher if key resistance breaks.
Speculation Analysis
Key Takeaways
- 122 million XRP (~$170.8M) were withdrawn from Binance on May 22, signaling whale accumulation.
- XRP spot ETFs recorded 16 consecutive days of inflows, totaling $116.75 million.
- $1.30 is critical support; breaking above $1.50 resistance could target $2.33.
- Bollinger Bands are at their tightest since mid-2024, historically preceding 58-82% price rallies.
What Happened
On May 22, on-chain data revealed that XRP whales withdrew 122 million tokens from Binance, valued at approximately $170.8 million. The withdrawal occurred while XRP traded near $1.35, marking the largest single-day exchange outflow since early February. This movement signals that large holders are accumulating at the $1.35–$1.40 range, a zone they consider attractive value. Such outflows typically indicate a shift of assets to self-custody or investment products, effectively reducing the immediate sell-side pressure on exchanges. The action comes amid a broader tightening of XRP supply.
The Numbers
The withdrawal of 122 million XRP was worth around $170.8 million. XRP’s price has been oscillating in the $1.35–$1.40 range, with $1.30 as a crucial support level. Spot XRP ETFs have seen 16 consecutive days of net inflows, bringing in $116.75 million. Technical indicators show the Bollinger Bands are at their tightest since mid-2024, a setup that historically preceded price swings of 58% to 82%. Resistance at $1.50 remains the key barrier for a potential rally to $2.33.
Why It Happened
Whale accumulation near the $1.35–$1.40 region suggests conviction in XRP’s value at these levels. The sustained ETF inflows add consistent buy-side demand. Together, these forces are squeezing available supply on exchanges. The repeating pattern of withdrawals at similar price points hints that large players are positioning for a potential upside. Additionally, the surge in Bollinger Band tightness indicates an imminent volatility expansion, which could favor the bullish case if accumulation persists.
Broader Impact
The accumulation by whales and institutional ETF flows underscore growing confidence in XRP. This tightening supply-demand dynamic could set a precedent for other altcoins if XRP breaks higher, potentially shifting market sentiment toward positive. If the $1.50 resistance is breached, it might attract further liquidity, amplifying the rally.
What to Watch Next
- Watch the $1.30 support level closely; losing it could send XRP to lower $1 territory.
- A break above $1.50 with strong volume would signal a run toward $2.33.
- Monitor whale withdrawal volumes and ETF inflow streaks for signs of continued accumulation.
This article is for informational purposes only and does not constitute financial advice.
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