The XRP Ledger has recorded its sixth-largest exchange outflow of the current calendar year. According to blockchain analytics firm Santiment, 34.94 million XRP was withdrawn from centralized trading platforms in a single 24-hour period. Historically, outflows of this magnitude suggest large-scale investors are moving assets into private cold storage — a pattern often associated with accumulation ahead of price appreciation.
This on-chain data arrives alongside bullish technical commentary from analyst Javon Marks, who argues that XRP is demonstrating structural resilience following what he describes as a “macro breakout retest.” Marks contends the asset has bounced off a previously restrictive trendline now acting as support, and projects the retest could precede a significant rally, with a target above $15. That price level would represent a dramatic repricing of the asset from current levels.
The immediate market picture, however, is more measured. XRP was trading at $1.32 at press time, down 2.01% over the prior 24 hours, slightly underperforming the broader crypto market. The asset remains range-bound, struggling to break through the weekly Ichimoku cloud and facing technical resistance in the $1.43–$1.45 corridor.
Key short-term levels are well-defined: XRP needs to hold above the 20-day exponential moving average at $1.4066 to mount another attempt at $1.45. A break below that level could expose the $1.30–$1.35 support zone.
Beyond the charts, institutional attention is focused on Washington. The U.S. Senate’s anticipated action on the CLARITY Act — expected by late May — is widely viewed as a potential fundamental catalyst. The broader market consensus on XRP remains cautiously bullish, with traders watching for a sustained break above the $1.43–$1.55 resistance zone to confirm whether the recent exchange outflows will translate into meaningful upward movement.
Source: XRP Posts Sixth-Largest Exchange Outflow of 2025 as Price Stalls at $1.32