Traders withdraw 35M XRP as price eyes 30% rally by June

Traders withdrew nearly 35 million XRP from exchange wallets over a 24-hour period ending Saturday, Santiment registered. The outflow was the sixth-largest daily withdrawal on the XRP Ledger so far this year.

Large exchange outflows occur when holders move tokens to private wallets or custody, reducing the amount of XRP immediately available for sale.

Earlier this year, similar outflow spikes preceded price gains: a March surge was followed by roughly a 20% rebound, and a February withdrawal spike preceded a 48% to 50% advance.

US-based spot XRP exchange-traded funds posted three consecutive weeks of net inflows totaling about $82.88 million, lifting combined assets under management to about $1.1 billion, SoSoValue data shows.

Large-wallet activity has shifted to net accumulation. CryptoQuant’s 90-day moving average of whale flows moved back above zero after a period of negative readings earlier in 2026. Positive whale-flow regimes were recorded before XRP rallies in mid-2025.

Technically, XRP has traded inside a falling wedge for about two years. The price rebounded from the wedge’s lower trend line in April. The wedge’s upper boundary aligns with the 50-week exponential moving average and the 0.5 Fibonacci retracement near $1.87–$1.89, roughly 30% above current levels. If the pattern plays out, that zone could be reached by June.

A decisive break below the wedge’s lower trend line would increase the chance of a decline toward the wedge’s apex and the 0.786 Fibonacci level near $0.98.

XRP has gained more than 30% over the past three months. During that period exchange balances fell, whale flows turned positive and spot ETF purchases continued.