XRP is currently caught between two contrasting signals. One suggests that large holders are distributing tokens, while the other points to substantial accumulation. Both developments are occurring simultaneously, leaving the market with a divided outlook.
CryptoQuant-linked analyst Darkfost reported that 231 million XRP moved out of Binance in a single day this week. The transaction was valued at approximately $330 million-$335 million at the time, making it the largest daily withdrawal in about six months. At the same time, whale wallets have transferred nearly 1.45 billion XRP to Binance over the past 30 days.
The sizeable deposits into Binance could represent potential selling pressure, although some of those tokens may eventually be withdrawn from exchanges. On the demand side, seven U.S. spot XRP ETFs have attracted approximately $1.55 billion in cumulative inflows, with August’s inflows already running at roughly twice July’s pace.
XRP’s recent weakness does not appear to be part of a wider crypto downturn. Solana has gained more than 20% this week, while Bitcoin has continued its upward move.
Can XRP Price Reach $1.70 This Week?
XRP is fluctuating between $1.40 and $1.45 during the day as traders digest last week’s 50% rally and the subsequent retreat toward $1.40. The immediate support level remains around $1.40, while the next important support zone is between $1.33 and $1.36 based on Fibonacci retracement levels.
On the upside, XRP faces resistance around $1.50-$1.55, an area that has already rejected the price once. The next major resistance sits near $1.65, around the previous weekly closing level. An RSI(14) reading close to 25 indicates that XRP is oversold, although the broader technical indicators continue to show selling pressure.
If ETF demand remains strong enough to absorb the supply coming from whales, XRP could recover above $1.50 and move toward $1.65. The token could also remain in consolidation between $1.40 and $1.50 as traders wait for fresh ETF flow figures.
A sustained break below $1.40 would weaken the current setup and potentially expose XRP to $1.33. Renewed concerns surrounding escrow releases could add to the pressure if whale selling continues.
Traders are therefore waiting for stronger confirmation. Daily ETF inflow data and changes in exchange balances should provide useful signals about whether accumulation or distribution is gaining the upper hand.
XRP’s 4.53% rebound from recent lows is encouraging, but with its market capitalization already above $80 billion, a 10x move would require an exceptionally large amount of new capital.
That has encouraged some traders to consider earlier-stage projects where the potential upside may be different. LiquidChain ($LIQUID), a Layer 3 infrastructure project seeking to connect liquidity across Bitcoin, Ethereum and Solana, has emerged as one project receiving attention.
LiquidChain’s proposition centers on a Unified Liquidity Layer with single-step execution and verifiable settlement. Its Deploy-Once Architecture is designed to let developers deploy applications once and connect them across Bitcoin, Ethereum and Solana without maintaining separate versions across each network.
