XRP Price Trades Near Key Support Zone Amid Whale Accumulation

The XRP price has been experiencing a tightening liquidity supply, as evidenced by whale withdrawals of $170 million from exchanges. According to data from CryptoQuant, large holders withdrew 122 million XRP from Binance on May 22, worth approximately $170.8 million at current rates.

This significant accumulation near the key $1.35-$1.40 support zone suggests that some larger players view this area as a value zone. The repeated withdrawals near the same price range indicate strong accumulation by large holders, who move tokens to cold storage or increase exposure to XRP investment products.

Meanwhile, demand for US-based spot XRP ETFs continues with positive flows for 16 consecutive days, totaling $116.75 million. This points to consistency in demand from US investors, adding to XRP's tailwinds.