On April 24, 2026, a total of 34.94 million XRP was withdrawn from centralized exchanges and moved to personal wallets via the XRP Ledger. This transfer, reported by blockchain analytics firm Santiment, marks the sixth largest daily XRP outflow so far this year, sparking a fresh wave of optimism across the market.
Impact of Major Exchange Outflows in XRP
According to Santiment, this sizable outflow within a 24-hour period signals a strong shift towards users holding their XRP under personal control rather than leaving it on exchanges. Historically, similar large outflows have often been followed by upward price movements.
XRP has gained more than 30% in value over the past three months and is currently trading at $1.43. CryptoAppsy data indicates that XRP has remained stable at this level, with projections suggesting an additional 30% rise by year’s end, potentially pushing the price into the $1.87–1.89 range.
The Santiment analysis noted, “Large-scale withdrawals of XRP from exchanges typically reduce selling pressure and suggest that the withdrawn XRP is unlikely to return to the market in the short term.”
The primary effect of this trend has been a decrease in the amount of XRP available for trading on exchanges, easing selling pressure. Experts estimate that institutional investors play a significant role in these transfers from exchanges to wallets.
Institutional Inflows and On-Chain Developments
In the United States, spot XRP ETFs have seen net inflows totaling $82.88 million over the past three weeks. Assets under management in these ETFs have now reached $1.1 billion, highlighting growing interest from traditional financial institutions and reinforcing positive market expectations.
Additionally, on-chain movements by large holders, or “whales,” have further supported optimistic price forecasts. The average activity of XRP whales, previously negative at the beginning of 2026, has recently turned positive — a signal that major investors are accumulating positions.
Technical Outlook and Key Levels
On daily charts, XRP has been locked in a falling wedge pattern for nearly five years, recently touching the lower boundary of this formation. Analysts suggest that a breakout could propel the price to the $1.87–1.89 range, which corresponds to both the 50-week exponential moving average and the 0.5 Fibonacci retracement, indicating a 30% growth potential.
Should current trends persist, technical projections indicate that a decisive move could take place by June as the formation resolves. Conversely, a drop below a critical support level might see the price retreat to as low as $0.98.
Since the start of April, XRP’s price has formed a symmetrical triangle pattern, characterized by lower highs and higher lows. This tightening range increases market tension, often preceding strong breakouts with high trading volumes.
Wider market dynamics continue to offer support for XRP. Bitcoin, for example, gained over 13% in April and is holding above $77,000. The growing supply of stablecoins, notably Tether approaching $150 billion, is another point analysts view as evidence of pent-up market momentum.
Despite the persistence of short-term selling pressure, institutional buying, decreasing exchange reserves, and only mild corrections have kept buyers in control. Maintaining the $1.39 level is now seen as crucial for the continuation of this bullish trend.
