XRP, the 5th-largest cryptocurrency by reported market cap according to data from Coingecko, is currently trading in a “value zone,” and recent exchange movements suggest that the digital asset could be on the cusp of a major move upwards, as whales pull the supply from Binance.
XRP trading in a healthy value zone
On Monday, the XRP whale withdrawals – large withdrawals in excess of 1 million XRP – hit 122 million. According to data from CryptoQuant, this quantity is worth about $170.8 million at prevailing market prices.
The data shows that it was the first time since the 278 million XRP withdrawn in February 2026 that the withdrawal level surged above the 100 million XRP mark. However, the current price context makes May’s withdrawal arguably more important.
To explain, let’s examine the February withdrawal. At the time, XRP was trading close to $1.43, while the May spike came when the digital asset traded around $1.35.
As a result, the $1.35 to $1.40 range has become a value zone for XRP, offering strong upside potential as repeated whale withdrawals usually indicate that some large players are viewing this zone as attractive.
Such big outflows suggest that whales are moving their holdings to self-custody solutions or increasing exposure to XRP-based investment products. Subsequently, this reduces the possibility of immediate sell-off pressure.
Meanwhile, U.S. spot XRP exchange-traded funds (ETFs) have recorded 16 consecutive days of net inflows, worth more than $116 million. Data from SoSoValue shows the last day with negative net inflows was April 30.
The importance of $1.30 support level
Although trading in the value zone gives a good risk to reward ratio to investors, the importance of the $1.30 support level for XRP cannot be overstated. This level has been a strong support level since early February, and losing it could crush XRP all the way down to $1.
There is further evidence that XRP is seeing large whale withdrawals from Binance, with the daily outflow by value share recently hitting 57.6 percent on the leading crypto exchange. That said, the overheated NVT ratio raises some threat of a sharp pullback for the digital asset.