Whales Withdraw 301M XRP from Exchanges in Single Session

Large investors have been withdrawing XRP tokens from leading exchanges, with a total of 301 million XRP pulled from Binance, Coinbase, Bybit, and Bitget in a single session.

According to on-chain data, the withdrawals on September 29 were the largest since the trend began, with Binance recording the biggest outflow of approximately 151 million XRP.

The withdrawals come as XRP holds above $1.48, despite the broader selling pressure in the cryptocurrency market.

Market analyst Ali Martinez has identified a symmetrical triangle on the hourly chart, with XRP trading inside an increasingly narrow range.

A confirmed move above $1.54 could open the door to a rally of roughly 10%, according to Martinez's analysis.