XRP (XRP) recorded nearly 35 million tokens in exchange outflows over 24 hours, the sixth-largest daily withdrawal of 2026.
On-Chain Data Signals Accumulation
The figure was flagged by Santiment on Saturday, with the XRP Ledger logging 34.94 million tokens leaving centralized venues.
Such outflows typically point to investors moving holdings into private custody, trimming sell-side liquidity.
Whale flows have also flipped, according to CryptoQuant data. The 90-day moving average of XRPL whale activity has climbed back above zero after sitting in negative territory for most of early 2026.
US spot XRP exchange-traded funds add a third leg to the bullish read.
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Wedge Pattern Eyes $1.87
The funds have not posted an outflow since April 9, drawing roughly $82 million across three weeks and pushing total assets under management back toward $1.28 billion.
Bitwise and Franklin Templeton have absorbed nearly all of April's inflows, while Canary Capital remains flat.
On the chart, XRP has spent two years inside a falling wedge, with its April bounce off lower support pointing toward the upper boundary near $1.87 to $1.89 by June, a roughly 30% move.
XRP traded near $1.43 on Saturday, leaving it about 22% below its January opening of $1.84 and well off the July 2025 peak of $3.66.
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