XRP $34.94M exchange outflow, holds $1.43 as ETF inflows rise
Santiment reports XRP saw $34.94M withdrawn from centralized exchanges in 24 hours and moved to personal wallets on the XRP Ledger. The largest daily outflow of 2026 so far can reduce near-term sell pressure.
XRP is trading around $1.43, with traders watching a technical path that includes a long-running falling wedge. Analysts expect a bullish breakout that could target $1.87–$1.89 (aligned with the 50-week EMA and the 0.5 Fibonacci retracement) with a possible resolution around June. Key support at $1.39 is critical; losing it would raise risk of a drop toward $0.98.
On-chain activity also turned more constructive: XRP whale metrics reportedly shifted from negative earlier in 2026 to positive, suggesting accumulation. Meanwhile, U.S. spot XRP ETFs logged $82.88M net inflows over the past three weeks, lifting total AUM to about $1.1B—supporting the institutional bid.
Broader tailwinds include BTC holding above $77,000 and stablecoin supply growth, with Tether nearing $150B. Traders may look for confirmation around the $1.39 level and monitor ETF flows for follow-through in XRP price.
Bullish
Bullish bias for XRP because exchange outflows ($34.94M) can directly reduce immediate selling pressure, while ETFs add a steady institutional bid ($82.88M net inflows, ~$1.1B AUM). On-chain whale activity reportedly flipping from negative to positive further supports accumulation. Technically, the falling wedge setup with $1.39 as the key line suggests upside is favored if support holds, with a defined target ($1.87–1.89). The main risk is a breakdown below $1.39, which would invalidate the bullish structure and expose XRP to a deeper retracement toward ~$0.98. Over the short term, traders should watch whether ETF flow strength and consolidation around $1.43 translate into a confirmed breakout; in the medium term (into June), the structure’s resolution could drive directional momentum.