news3h ago

MASSIVE 35M XRP EXCHANGE OUTFLOWS

Nearly 35 million XRP tokens flowed out of exchanges in a single day, marking the sixth-largest outflow event of 2026 and signaling potential bullish price action ahead.

Nearly 35 million $XRP tokens were withdrawn from centralized exchanges in a single day, according to on-chain analytics provider @santimentfeed. The move ranked as the sixth-largest daily exchange outflow for @Ripple's native token in 2026 — and historically, such events have preceded upward price moves.

What the Outflow Data Shows

Santiment reported that 34.94 million $XRP left centralized exchanges within a 24-hour window. Large exchange outflows typically indicate that holders are transferring tokens to private wallets or cold storage, reducing the amount of $XRP immediately available for sale on trading platforms. When supply on exchanges contracts, even modest buying pressure can produce sharper price reactions.

This pattern is not new. According to Cointelegraph, a similar spike in exchange outflows in March preceded a roughly 20% rebound in $XRP, while a February outflow surge was followed by an even stronger rally of approximately 48–50%. Those precedents have reinforced the view among traders that the latest withdrawal spike may lead to higher prices in May.

The broader trend underscores a structural shift in $XRP's supply dynamics. Exchange reserves have dropped from roughly 3.76 billion tokens in October 2025 to around 1.66 billion by early 2026 — a decline of more than 50%, driven by ETF custody flows, whale cold-storage moves, and withdrawals from Korean exchanges such as Upbit and Bithumb.

ETF Inflows and Institutional Demand Add Fuel

The outflow data arrives alongside steady institutional buying. US-based spot $XRP ETFs have recorded approximately $82.88 million in net inflows over the past three consecutive weeks, according to SoSoValue data cited by Cointelegraph. XRP ETFs pulled in $55 million in the week ending April 18, their strongest weekly intake of 2026, pushing cumulative inflows back to approximately $1.27 billion.

Spot $XRP ETFs have absorbed roughly 770 million tokens into custodial wallets since launch. Those tokens are effectively removed from the tradeable market for as long as the funds hold them, further compressing available supply.

Still, not all signals point in the same direction. $XRP has traded largely sideways between $1.30 and $1.50 for much of 2026, and the token remains well below its July 2025 peak of $3.65. Analysts note that while on-chain data supports a bullish setup, the price ultimately needs to clear the $1.50–$1.60 resistance zone for a breakout to be confirmed.

Sources:
Cointelegraph – XRP Eyes 30% Gains as Exchange Outflows Hit 35M Tokens
Yahoo Finance – XRP Holders Pulling XRP Off Exchanges at Fastest Rate Since 2024

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Author

Jon Wang

Jon studied Philosophy at the University of Cambridge and has been researching cryptocurrency full-time since 2019. He started his career managing channels and creating content for Coin Bureau, before transitioning to investment research for venture capital funds, specializing in early-stage crypto investments. Jon has served on the committee for the Blockchain Society at the University of Cambridge and has studied nearly all areas of the blockchain industry, from early stage investments and altcoins, through to the macroeconomic factors influencing the sector.