Overview
- XRP exchange wallets saw about 34.94 million tokens leave trading venues on Friday, in what Santiment called the sixth largest 24-hour outflow of 2026.
- Moving coins to self-custody cuts immediate selling pressure, and fresh demand could meet it as the XRP Ledger led major chains with about $1.1 billion in 30-day net inflows.
- Despite the shift, roughly 2.76 billion XRP still sit in Binance reserves, and analysts say sustained withdrawals are needed to shrink that sell-ready pool in a meaningful way.
- Price remains boxed in near $1.37 to $1.45 after a mid-April MACD bullish crossover, and traders are watching a clean break above $1.60 to confirm momentum.
- Santiment notes that past outflow spikes this year preceded rallies, though earlier surges followed broader market catalysts rather than on-chain signals alone.