90 Million XRP Just Vanished from Exchanges – A Massive Supply Shock

The XRP price is moving through a very tight trading range right now, but underneath the surface, a lot is happening. Around 90 million XRP has reportedly been pulled off public exchanges, and that’s starting to get traders paying attention again.

Data shared by Cheeky Crypto shows a large amount of XRP moving away from exchange wallets and into cold storage or private custody solutions. At the same time, whale activity dropped sharply. Transactions above $1 million reportedly fell from around 157 to 67 within nine days, a decline of roughly 57%.

That combination has created what many traders are calling a supply compression phase. The XRP price itself has not exploded higher yet, but exchange liquidity is starting to thin out, and that can change how the market reacts once volatility returns.

The XRP Price Is Still Trapped in a Weak Structure

We had a look at the XRP chart, and the broader structure still leans bearish for now. XRP traded near $1.55–$1.60 earlier in 2026 before sellers pushed the market lower again. Since then, price has continued printing lower highs and lower lows.

The XRP price is now trading around the important $1.30–$1.31 support area. This zone has acted as a key reaction level several times during the correction, which is why traders are watching it closely.

There is also a major resistance area sitting overhead. This SMA is located at $1.3758 and spans 100 periods and has repeatedly pushed back attempts to recover from several weeks ago. As long as the crypto fails to regain that price cleanly, bulls are expected to see rallies as mere bounces rather than reversal.

Momentum indicators are starting to stabilize a little though. RSI climbed back toward the low-40 range after earlier weakness, and some bullish divergence signals appeared near the recent lows. That doesn’t confirm a breakout yet, but it does show that sellers may be losing some control compared to earlier phases of the downtrend.

Read Also: Crypto Price Prediction for Today, May 29: Dogecoin (DOGE), XRP, Solana (SOL)

Why the 90 Million XRP Withdrawal Matters

The biggest story here is the sudden reduction in exchange supply. When large amounts of crypto leave exchanges, traders usually interpret it as accumulation because those coins are less likely to be sold immediately.

Cheeky Crypto believes large entities are moving XRP through OTC channels and private liquidity systems instead of trading openly on exchange order books. If that’s happening at scale, public liquidity becomes thinner, which can increase volatility later once stronger buying pressure returns.

The XRP price has also entered one of its tightest Bollinger Band squeezes in months on higher timeframes. Markets usually don’t stay compressed forever. Tight volatility periods often lead to large directional moves once price finally breaks out of the range.

Another interesting detail is the difference between exchanges. Binance reportedly saw larger institutional-sized withdrawals, while Coinbase showed more mid-sized accumulation activity. That creates a split where whales and retail investors both appear active, but in different ways.

Even with all this movement happening behind the scenes, the XRP price still looks relatively quiet on the surface. That disconnect is exactly why traders are paying close attention right now.

XRP Is Reaching an Important Decision Zone

However, the next direction of movement for XRP may depend upon how long buyers continue to hold the area of $1.30 support. In the event that XRP is able to resist at this level and manage to go above the 100 SMA at $1.3758, then the target could be seen in the $1.40-$1.45 range.

If support fails, the situation changes quickly. The next downside targets sit around $1.25–$1.27, and broader weakness across the crypto market could drag XRP closer to $1.20 afterward.

Our view is that the market may still be underestimating the effect of these exchange outflows. Pulling 90 million XRP off exchanges does not automatically guarantee a rally, but it does reduce available supply at a time when the market is already heavily compressed.

Nevertheless, confirmation is necessary for the traders. The current price of XRP lies under major resistance areas, and there has been no complete change to a bullish outlook on the chart yet. In other words, XRP is currently being traded within an environment where there is some accumulation but also technical formation to break out of.

FAQs

What is XRP mainly used for

XRP is primarily used for cross-border payments and liquidity solutions within Ripple’s payment ecosystem.

Is XRP still one of the largest cryptocurrencies

Yes. Despite the correction, XRP remains one of the largest cryptocurrencies by market capitalization and continues processing millions of transactions daily.