XRP Price Caught Between $231M Whale Selling and ETF Inflows

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Ahmed Barakat

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Ahmed Barakat

Part of the Team Since

Mar 2024

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


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CryptoNews Editorial Team

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Sep 2018

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XRP price is trying to reconcile two conflicting signals coming from the asset. One points to distribution. The other points to accumulation at scale. Both are happening at once, and that’s not a coincidence.

CryptoQuant-linked analyst Darkfost flagged a 231 million XRP withdrawal from Binance in a single day this week, worth $330-335 million at the time, the largest such move in about six months. Whale wallets have also sent close to 1.45 billion XRP to Binance over the trailing 30 days.

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Those figures look like sell-side ammunition even as some of that liquidity cycles back off-exchange. Meanwhile, seven U.S. spot XRP ETFs have pulled in $1.55 billion in cumulative inflows, with August alone doubling July’s pace.

The market isn’t dragging XRP down; Solana posted 20%+ gains this week while Bitcoin keeps on going higher.

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Can XRP Price Hit $1.70 This Week?

XRP price is moving in an intraday range of $1.40 to $1.45, showing a market still digesting last week’s 50% rally before this week’s pullback toward the $1.40 zone. Immediate support sits near $1.40, with a deeper floor around $1.33-1.36 based on Fibonacci retracement levels.

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Resistance clusters at $1.50-$1.55, where XRP was already rejected once, then again near the $1.65 prior weekly close. RSI(14) readings near 25 suggest an oversold condition, though the aggregate technical signal still leans toward sell pressure.

If XRP can maintain its ETF inflows with whale-driven supply, it could reclaim $1.50, and momentum carries it back toward $1.65. Consolidation could also happen between $1.40 and $1.50 while the market waits for the next flow data print.

But it’s going to look bad if it breaks below $1.40, which opens the door to $1.33, especially if escrow unlock concerns resurface and compound whale selling.

We are watching for confirmation and should track daily ETF flow reports alongside exchange balance shifts before committing size.

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LiquidChain Targets Early Mover Upside as XRP Tests Key Levels

A 4.53% bounce off recent lows is constructive, but XRP at a market cap already north of $80 billion isn’t handing out 10x setups. The math simply doesn’t work that way at scale.

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This pushed a segment of traders toward earlier-stage plays where the upside curve looks different. LiquidChain ($LIQUID), a Layer 3 infrastructure project positioning itself as the connective tissue between Bitcoin, Ethereum, and Solana liquidity pools, is on traders’ radar.

The pitch: a Unified Liquidity Layer with Single-Step Execution and Verifiable Settlement, built on a Deploy-Once Architecture that lets developers ship once and reach all three ecosystems instead of fragmenting deployments across chains.

Current presale price sits at $0.01494, with $950K raised so far.

Research LiquidChain directly before the presale closes.

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