XRP Crypto Holders Pull Coins Off Exchanges, On-Chain Data Signals Supply Shock
The XRP cryptocurrency is trading at $1.32, and while its price chart looks fragile, the on-chain data underneath tells a different story.
Chain’s XRP scarcity indicator on Binance reached 0.59 (its highest value since 2024) as coins departed exchanges at a rate that mechanically squeezed the available sell-side pool.
Size is not subtle. On March 10 alone, approximately $738 million worth of XRP was withdrawn from major platforms in a single 24-hour window, described by analysts as one of the most significant single-day net outflows on record since the beginning of the year.
Source: CryptoQuant
In February, 7.03 billion XRP completely exited centralized exchanges, and Binance accounted for approximately 3.38 billion of this volume. The supply mechanics are changing but the price hasn’t priced it in yet.
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XRP is pressing against the $1.40 resistance zone, which analysts have marked as a critical battleground. Below it, the $1.27-$1.30 band represents the next meaningful support cluster.
The daily RSI is hovering around 42; Although it is not oversold, it does not produce momentum signals either. The 50-day EMA is located just above the spot price, limiting intraday recovery attempts.
The real tension here is the difference on the chain. Whale wallets accumulated nearly 40 million XRP in March, while US-listed XRP spot ETFs, which now have total assets of $1.02 billion, recorded net outflows of $30.12 million during the same period.
CoinShares data shows global XRP fund outflows were $130 million for the month. Institutional selling and whale buying collide directly at $1.40.
Source: TradingView
On the chart, $1.27 is the line that really matters because as long as the price stays above this level, the accumulation story remains intact, especially as whales step in and ETF flows begin to stabilize, which could open the door for a push higher towards $1.40 and a move higher if momentum follows.
But right now it’s more of a tug of war; While XRP is likely trending between $1.27 and $1.40, the market is recovering because there is strong accumulation on one side and ongoing selling pressure on the other, and neither has fully gained control yet.
If this $1.27 level is broken along with volume, the entire setup quickly begins to dissipate, opening the door for a deeper pullback because at this point the price no longer respects the accumulation zone, which will always take precedence over any signals on the chain.
