XRP Whales Withdraw $231 Million Ahead of Key Escrow Unlock

XRP has pulled back from its 50% rally after briefly touching $1.69, now trading around $1.44 ahead of a major escrow unlock on September 1.

The token's market cap crossed $91 billion during the surge, pushing it briefly into the top four digital assets by market cap.

Analyst warns that XRP could see a pullback to the $1.10-$1.38 range before any further upside, with potential targets at $1.66, $1.93, and $2.25 on the next move up.

The largest outflow in six months has seen whales withdraw 231 million XRP from Binance, which may indicate holders are moving assets to cold storage rather than preparing to sell.