On-chain data reveals that 465 million XRP were withdrawn from Binance between June 3 and June 11, with each transaction exceeding 1 million XRP. The outflows were spread steadily over 8 days, significantly reducing the exchange's XRP reserves.
Binance Sees Sustained Whale-Sized Outflows
Binance, one of the world's largest exchanges by daily volume, is closely watched for reserve changes. A decline in available XRP supply can impact liquidity, even though large withdrawals alone do not guarantee accumulation. Market participants are now debating whether this trend signals a shift in sentiment. The monitoring period confirmed total outflows of 465 million XRP, with a transaction threshold of 1 million XRP. If the pace continues, the interplay between selling pressure and exchange inventory will stay a hot topic.
Technical Analysis: $0.70-$0.90 Zone in Focus
Analyst ChartNerd notes that from 2023 through late 2024, XRP traded below the $0.70-$0.80 resistance band, breaking out only in Q4 2024. That former ceiling is now a $0.70-$0.90 'watch zone' — it remains uncertain if it can morph into support. After the breakout, XRP peaked in July 2025, but momentum faded. A weekly EMA death cross triggered a drop from $2.40 (January 2026) to $1.12 (February). Since then, price has been range-bound, with a rejection near the 20-week EMA (~$1.55) pushing it toward June lows.
ChartNerd suggests that for a bullish reversal, XRP must recapture the $1.45-$1.78 band on the weekly chart. Until then, the outlook remains cautious. The $0.70-$0.90 range is seen as macro support, but confirmation requires stronger bullish signals.