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XRP is once again drawing market attention as ongoing whale withdrawals become a significant component of its price strength. According to data released today by analyst CryptoJack, whales continue to actively withdraw XRP tokens from exchanges. Based on the data, institutional investors are pulling massive amounts of XRP off exchanges.
The data showed that customers transferred 231 million tokens from Binance in the last few days, the biggest XRP outflow from the platform in the past six months.
What These XRP Whale Withdrawals Mean
These enormous withdrawals often happen when XRP prints huge spikes, as shown by its 32.0% rebound over the past 30 days. It suggests larger holders are moving assets from exchanges to private wallets for long-term holding. Today, the asset hovers at $1.39, down from recent highs of $1.54 on Tuesday and $1.68 on Sunday.
Its value dropped from $1.68 to $1.39 before stabilizing around the $ 1.39-$ 1.40 support area. The development suggests whales are taking advantage of the correction, increasing accumulation and token outflows as the asset holds at the $1.40-$1.39 support. Based on the data, institutional investors withdrew 231 million XRP tokens from Binance while the asset holds its price around this range. The development signals strong accumulation and decreased selling pressure, strengthening XRP’s bullish structure.
XRP Lays Groundwork for Next Leg Up
The decline hints at a calm before the next big move, as the asset quietly signals that smart money is paying attention. The data above shows long-term holders are intact in accumulation mode, a phase that appears when enthusiasm is increasing and available token supply is tightening. This pattern often forms before a big market rally, suggesting long-term holders are positioning themselves for the next move.
 
The weekly timeframe indicates that XRP is currently forming a bullish fractal pattern, preparing the asset to move into the next leg expansion. This fractal pattern signals that whales are positioning themselves for an imminent continuation move. Institutional capital appears to be accumulating around the lower liquidity range, absorbing selling pressure while building the bullish structure.
These developments suggest XRP is readying to surge toward the $1.80 target following its recent 70% monthly rally, a move that would mark the end of its bear market.