XRP Price: Fear Is Back in the Market, and That May Actually Be Good News for XRP

TLDR

• XRP whales withdrew 122 million XRP (worth ~$170.8M) from Binance on May 22, the largest daily outflow since February.
• The $1.35–$1.40 range is being watched as a key accumulation zone, with large players repeatedly withdrawing near that price level.
• US spot XRP ETFs recorded positive inflows for 16 consecutive days, totaling $116.75 million.
• Analyst ChartNerd warns that losing $1.30 support could send XRP down to the “lower $1 territory.”
• Bollinger Bands are at their tightest since mid-2024, with historical precedent pointing to a 58%–82% price move ahead.

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XRP is trading near $1.35 as whale activity and ETF inflows draw attention from analysts and traders.

XRP Price

On May 22, on-chain data from CryptoQuant showed that 122 million XRP — worth roughly $170.8 million — was withdrawn from Binance in a single day. That was the largest daily withdrawal above 100 million XRP since a 278 million XRP outflow in early February.

CryptoQuant analyst Amr Taha pointed out that the February spike happened when XRP was trading near $1.43, while the latest one occurred closer to $1.35. He noted that repeated withdrawals near the same price level may suggest that larger players see that range as a “value zone.”

On the same day, XRP’s net exchange position change fell to -$30 million — its most negative reading since April 9, when the price was around $1.28. That April dip was followed by a 17% price increase to $1.51 by April 17.

Spot ETF Demand Adds to the Picture

US spot XRP ETFs have now recorded positive inflows for 16 straight days, with a combined total of $116.75 million during that period. That sustained demand from US investors has been seen as an additional tailwind for the asset.

Source: SoSoValue

Exchange outflows combined with consistent ETF inflows point to tightening liquidity on the sell side.

Meanwhile, Santiment data shows XRP’s crowd sentiment has turned negative again, with a ratio of just 1.1 bullish comments for every 1 bearish comment. Santiment noted that historically, this kind of fear and skepticism has often acted as a contrarian signal, with previous dips into what it calls the “FUD zone” followed by price stabilization or bounces.

XRP has been trading in a range between $1.30 and $1.50 since early February. Analyst ChartNerd described $1.30 as a “current guardrail,” warning that a close below that level could lead to a drop into the lower $1 range.

Technical Indicators Signal a Potential Move

On the technical side, XRP’s Bollinger Bands are at their tightest since mid-2024. Previous instances of this compression have led to price movesali of between 58% and 82%, which would put a potential upside target near $2.33.

Source: TradingView

Analyst Crypto Patel compared the current range to the calm before XRP’s late-2024 breakout and set a longer-term target of $10.

As of May 26, XRP is trading below $1.3580 and below its 100-hourly simple moving average. Short-term resistance sits at $1.360, with the next levels at $1.3720 and $1.380. On the downside, support levels are at $1.330, $1.3280, and $1.30.

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