XRP is facing two opposing market forces at the same time. One points toward distribution, while the other signals large-scale accumulation. The coexistence of both trends is creating a mixed picture for the token’s near-term outlook.
CryptoQuant-associated analyst Darkfost said 231 million XRP left Binance in a single day this week. The transfer was worth approximately $330 million to $335 million at the time, representing the largest single-day withdrawal of its kind in roughly six months. At the same time, whale wallets have moved nearly 1.45 billion XRP into Binance over the past month.
The large deposits could represent potential selling supply, even though some of the tokens may subsequently be transferred away from exchanges. Meanwhile, seven U.S. spot XRP ETFs have recorded around $1.55 billion in cumulative inflows, with August’s total already reaching twice July’s level.
XRP’s weakness does not appear to reflect a broader crypto-market sell-off. Solana has climbed more than 20% this week, while Bitcoin has continued to advance.
Can XRP Price Reach $1.70 This Week?
XRP has been trading within an intraday range of roughly $1.40 to $1.45 as traders digest last week’s 50% rally and this week’s retracement toward $1.40. The first major support area is around $1.40, followed by a stronger zone between $1.33 and $1.36 based on Fibonacci retracement levels.
On the upside, resistance is concentrated between $1.50 and $1.55, where XRP has already encountered selling pressure. The next key barrier is around $1.65, close to the previous weekly close. An RSI(14) reading near 25 indicates oversold conditions, although the broader technical setup still points toward bearish pressure.
If ETF inflows continue at a strong pace and offset whale selling, XRP could reclaim $1.50 and potentially challenge $1.65. Another possibility is a period of sideways trading between $1.40 and $1.50 as investors wait for the next set of flow data.
A decisive move below $1.40 would weaken the bullish case and could send XRP toward $1.33. The downside risk could increase further if concerns about escrow releases return alongside continued whale deposits onto exchanges.
For now, traders are looking for confirmation. Daily XRP ETF flow data and exchange-balance movements will be important indicators to monitor before making larger bets on the next move.
The 4.53% recovery from recent lows is a positive sign, but XRP’s market capitalization has already surpassed $80 billion, making a 10x gain increasingly difficult from a capital-flow perspective.
As a result, some traders are turning their attention to earlier-stage projects with potentially different growth dynamics. LiquidChain ($LIQUID), a Layer 3 infrastructure project aiming to connect liquidity across Bitcoin, Ethereum and Solana, is among the projects attracting interest.
LiquidChain promotes a Unified Liquidity Layer built around single-step execution and verifiable settlement. Its Deploy-Once Architecture is designed to let developers build applications once and access liquidity across all three ecosystems without creating separate deployments for each blockchain.
