XRP whales accumulate $170M in key value zone near $1.40

XRP has been trading within a key 'value zone' near $1.40, where whales accumulated $170 million worth of the cryptocurrency.

According to data from CryptoQuant, XRP whales withdrew 122 million XRP from Binance on May 22, signaling strong accumulation near the key support zone.

This move coincided with sharp exchange outflows, as the XRP net position change among exchanges dropped to -$30 million on Sunday. This typically indicates strong accumulation by large holders, who move tokens to cold storage or increase exposure to XRP investment products.