Whales Pull $170M From Binance as XRP Trades in $1.35-1.40
Whales withdrew 122 million XRP (about $170.8 million) from Binance on May 22 as XRP traded in the $1.35–$1.40 value zone.
On May 22, 122 million XRP, worth about $170.8 million, left Binance in a series of large withdrawals recorded on-chain. Data shows this was the first daily whale outflow above 100 million XRP since a 278 million XRP movement on Feb. 9.
CryptoQuant analyst Amr Taha wrote that the earlier February outflow occurred with XRP near $1.43, while the May withdrawals occurred with the token around $1.35, highlighting the $1.35-1.40 range as an area of interest for large holders.
Exchange data showed a net position change across exchanges of negative $30 million on Sunday, the most negative reading since April 9 when XRP traded near $1.28. That April reading preceded a 17% rise to $1.51 on April 17. Withdrawals from exchanges often reflect transfers to cold storage or moves into other custody or investment products, which can lower available sell-side liquidity on trading venues.
U.S. spot XRP exchange-traded products reported positive inflows for 16 consecutive days, totaling $116.75 million over that span.
XRP has traded in a narrow band between about $1.30 and $1.50 since early February. Chart analyst ChartNerd wrote that $1.30 is a current “guardrail,” and holding that level would allow another chance to test $1.50 resistance; a break below $1.30 could lead to a drop into the lower $1 range.
Volatility indicators show Bollinger Bands at their tightest since mid-2024. Historical compressions of similar size for XRP preceded upward moves in the range of roughly 58% to 82%, a pattern that underlies a near-term technical target of about $2.33 if price clears $1.50 on sustained volume. Analyst Crypto Patel described the trading window as the “best accumulation zone” and projected a longer-term upside near $10 if past cycle-style expansions repeat.
From May 2022 to November 2024, XRP traded in a wider range before breaking above about $0.68 and later reaching roughly $3.40 in January 2025.
Market participants are monitoring on-chain flows, exchange balances and ETF inflows for further indications of whether large holders will continue moving XRP off exchanges or change their selling behavior if market conditions shift.
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