XRP Whales vs Institutional Investors: A Battle for Price Supremacy

An unexpected movement in XRP's price has been detected by CryptoQuant analyst Darkfost. The withdrawal of 231 million XRP from Binance in a single day, valued between $330 and $335 million, is the largest individual movement recorded in the past six months.

This significant outflow seems to contradict the inflow of approximately 1.45 billion XRP sent by some whales to Binance over the past 30 days. However, the institutional market offers a different perspective: seven spot XRP ETFs in the United States have received $1.55 billion in net inflows.

XRP's price is currently oscillating between $1.40 and $1.45 after a 50% rally last week. Support sits at $1.33, while resistance is concentrated in the $1.50 to $1.55 zone.