XRP Bull Zone Signal: 34.94M XRP Exit Exchanges, Leverage Cools
XRP may be entering a “bull zone” as large holders move coins off exchanges while price remains calm. On-chain data cited from Santiment shows 34.94M XRP withdrew from exchanges on Apr 24, 2026—reported as the sixth-largest single-day outflow of the year.
For traders, XRP exchange outflows are typically read as supply tightening: fewer coins stay available for immediate selling when whales shift XRP to private wallets. The latest note adds that XRP price has been ranging around $1.40–$1.45, with momentum described as neutral, suggesting upside room without obvious overheating.
Catalyst backdrop also improved. The article notes over $65M in XRP-related ETP/ETF inflows during April 2026 and says Ripple’s U.S. SEC legal uncertainty is no longer dominating sentiment. A technical setup remains key: watch $1.40 support and resistance around $1.46–$1.50. A decisive breakout above $1.46 could confirm bullish momentum and trigger higher volatility. With leverage cooling (30-day Open Interest Z-Score flattening near zero), any move may be more spot-led than derivatives-driven—often a sturdier trading regime for XRP.
Bullish
The core bullish thesis is that XRP exchange outflows (34.94M XRP) suggest supply tightening as whales withdraw tokens rather than sell on-market. With leverage cooling (flattening OI Z-score near zero), the next potential leg is framed as more spot-led, which can reduce the odds of a quick derivatives-driven reversal. Technically, XRP holding above $1.40 and testing resistance near $1.46–$1.50 sets up a clear trigger: a breakout above $1.46 would likely confirm bullish momentum and expand volatility.
In the short term, traders may front-run a supply squeeze by watching exchange-balance continuation and liquidity demand signals. In the medium to long term, improving risk sentiment from ETF/ETP inflows and a reduced SEC overhang supports a more stable accumulation narrative, making follow-through more likely if price breaks resistance.