XRP price prediction as whale withdraws $9 million from exchange

---

---

At a time when XRP is on a short-term upward trajectory, the asset has recorded notable whale activity likely to influence its price direction.

Details of the transaction indicate that the whale moved 6.3 million XRP, worth roughly $8.8 million, from Upbit. 

On-chain data shows the transfer was successfully validated, with the funds quickly redistributed across multiple wallets, signaling active repositioning rather than long-term storage.

Blockchain tracking indicates the receiving address now holds just 119,800 XRP, valued at about $171,800, a drop from the original amount. 

XRP whale transaction. Source: XRPScan

The pattern suggests the whale may be dispersing funds for liquidity management or strategic allocation, with additional data linking the originating wallet to a Bittrex-associated account, adding further intrigue.

Despite this distribution, large cryptocurrency exchange withdrawals are often seen as reducing near-term selling pressure, as assets move into private wallets. 

This dynamic can help support price stability or even bullish momentum, depending on broader market conditions.

XRP technical outlook 

Meanwhile, technical analysis supports a cautiously optimistic outlook. According to analyst Ali Martinez, XRP is nearing a key breakout level, with the daily chart showing a tightening symmetrical triangle, a setup that typically precedes a decisive move as volatility builds.

A confirmed breakout above $1.45 could signal bullish continuation toward $1.80, while a drop below the $1.36 support level would invalidate the setup. 

XRP price analysis chart. Source: Ali Martinez

Overall, the mix of whale activity and technical compression places XRP at a pivotal juncture, with traders closely watching the $1.45 level for direction.

XRP price analysis 

By press time, XRP was trading at $1.45, having rallied by over 3% in the past 24 hours. On the weekly timeframe, the token is up more than 4%.

XRP seven-day price chart. Source: Finbold

At the current price, XRP is trading above its 50-day SMA of $1.39, a mildly bullish short-term signal suggesting recent upward momentum. 

However, the 200-day SMA sits at $1.79, indicating that XRP remains in a longer-term downtrend and still has significant ground to recover before reclaiming a broader bullish structure.

The 14-day RSI of 53.90 places XRP in neutral territory, slightly above the midpoint of 50. This suggests there is no strong buying or selling pressure at the moment; the asset is neither overbought nor oversold, leaving room to move in either direction.

The post XRP price prediction as whale withdraws $9 million from exchange appeared first on Finbold.