XRP Whale Accumulation, Exchange Supply Drops: Bulls Eye $1.10 Breakout
XRP is trading around $1.11, up about 1% on the week but down roughly 62% over the past year. After a local bounce, the broader trend is still bearish, but two articles point to setup conditions that could help XRP regain control.
Key catalysts for XRP traders:
- Whale activity: Analyst Ali Martinez says large investors bought about 70M XRP last week, lifting whale holdings to ~3.8B XRP (~6% of circulating supply). This can reduce near-term sell pressure.
- TD Sequential: XRP’s TD Sequential printed a buy signal, but it has been mixed recently—similar signals preceded a strong move in December and a sharp correction in January.
- Exchange supply shrinking: Binance-held XRP reportedly fell to ~2.61B XRP (lowest since February). Less liquidity on exchanges can mean fewer immediate sellers.
Levels to watch: Bulls focus on holding the $1.10 support zone. One view suggests a push toward $1.24 if $1.10 holds, while earlier coverage highlighted a higher confirmation level via a daily close above $1.55 for a potential move toward $1.90. Still, some traders warn the cycle bottom may not be in, with risk of a drop toward ~$0.87.
For traders, the key is whether XRP can defend $1.10 and turn accumulation plus lower exchange supply into sustained upside.
Neutral
Both articles acknowledge XRP’s long-term weakness but highlight near-term buying conditions. Whale accumulation and declining Binance exchange supply can support stabilization and improve the odds of a bounce, while the TD Sequential buy signal adds a timing element—yet its mixed track record warns that follow-through is not guaranteed. Traders therefore face a setup that is bullish on select indicators but still constrained by bearish market context and uncertain cycle timing. The market impact is best assessed as neutral overall, with upside potential if XRP holds $1.10 and acceptance develops above key resistance levels.