XRP exchange outflows hit 13.24 million as large holders add 60 million tokens

XRP saw a significant increase in withdrawals from cryptocurrency exchanges early Thursday, with 13.24 million tokens leaving exchange wallets at approximately 01:00 UTC. The movement, based on Santiment data, coincided with a week of rising balances among the largest holders of the digital asset.

XRP outflows and large holder accumulation spike

Ali Charts, a well-followed market analyst known for technical and on-chain insights, shared a detailed update about XRP activity in a post on X. According to his summary, Santiment reported a surge in XRP exchange outflows, indicating major movements by significant market participants.

The withdrawal of 13.24 million XRP from centralized exchanges is viewed by some as a reduction in the supply available for immediate trade, which can have an impact on price dynamics if sustained. This movement occurred during a period when prominent XRP holders increased their cumulative holdings by about 60 million tokens in the past week.

Santiment, a blockchain analytics platform, provided both the outflow and whale accumulation figures used by the analyst. These numbers track changes in exchange balances and the aggregated holdings of major wallets, offering signals on market sentiment.

Ali Charts acknowledged that it remains unclear whether the tokens withdrawn from exchanges are the same coins accumulated by large holders. He referred to both trends as possible indicators of growing interest among whales, a term for entities that control substantial amounts of a cryptocurrency.

In addition to highlighting on-chain activity, the analyst encouraged followers to pay attention to the technical structure developing in XRP’s chart.

XRP exchange outflows rose to 13.24 million tokens near 01:00 UTC, while the largest holders increased their cumulative balances by 60 million over the week, signaling potential accumulation by whales alongside possible supply reduction on trading venues.

Traders and observers have kept a close watch on these metrics, with the initial post from Ali Charts registering about 34,000 views on Thursday evening.

Both metrics, provided directly by Santiment’s on-chain analytics, were displayed in visual charts accompanying the analyst’s X thread.

Mini dictionary: Santiment is a blockchain analytics firm offering data on token flows, on-chain activity, and whale behavior to help traders and investors understand market dynamics in real time.

Technical setup: Inverse head-and-shoulders pattern emerges

Analysis of the daily chart shows XRP may be in the process of forming an inverse head-and-shoulders pattern, a structure that market participants generally view as a signal of potential trend reversals. The current setup is not yet complete, so analysts consider it a scenario to watch rather than confirmation of a new upward trend.

Ali Charts focused on the neckline resistance at $1.60, suggesting a decisive breakout above this level would confirm the pattern and open the door to a higher price target of $2.10. Until that trigger occurs, the $1.60 mark remains the critical threshold for traders monitoring the possible reversal.

If XRP moves above $1.60, the technical breakout may drive the next target toward $2.10, but confirmation is essential before assuming any trend reversal.

The combination of strong exchange outflows, whale accumulation, and a developing bullish technical setup has drawn attention from market observers. However, the analyst emphasized the need to wait for a confirmed technical signal before expectations shift toward the next upward target.

There is no timeline for when or if XRP will break through the neckline. The latest data highlights the importance of monitoring both on-chain and technical indicators for signs of momentum in either direction.