Key Highlights
- Large-scale holders account for 94.4% of XRP withdrawals from Binance, indicating significant accumulation
- Cumulative volume delta for spot markets increased by $310 million amid ongoing futures market selling
- XRP maintains position above critical support zones between $1.39 and $1.43 with RSI at neutral 53%
- Farmers & Merchants Investments revealed XRP ETF positions through recent SEC documentation
- Technical analyst Ali Martinez forecasts possible 10% upward move toward $1.58
XRP is currently hovering around the $1.43 mark as multiple data streams indicate increasing accumulation by major market participants. While the digital asset has declined more than 20% throughout 2025, emerging analytics and blockchain metrics hint at a potential trend reversal.
Large-scale transaction activity on Binance represented 94.4% of total withdrawals on April 24, based on findings from CryptoQuant analyst Amr Taha. Smaller retail participants comprised merely 5.5% during this same timeframe.
The XRP Ledger documented 34.94 million XRP in aggregate exchange withdrawals that day. Data from Santiment indicates this marked the 6th most substantial 24-hour withdrawal event recorded in 2025.
Past patterns show comparable withdrawal surges have often preceded upward price momentum. When major holder activity intensified last October, XRP subsequently climbed 525%. A comparable spike observed in June 2025 led to a 71% appreciation.
Spot cumulative volume delta for XRP—an indicator of genuine buying pressure—climbed from $1.08 billion to $1.39 billion, representing a $310 million increase over recent weeks. Simultaneously, Binance perpetual CVD fell to -$392 million, indicating futures market participants maintain net short positions.
Technical Metrics Show Stability
XRP maintains trading activity above its 200-day exponential moving average positioned at $1.39. The 50-day EMA rests at $1.42 while the 20-day EMA stands at $1.43, collectively establishing nearby support infrastructure.
The relative strength index registers at 53%, indicating no excessive buying conditions. The MACD indicator displays diminishing downward momentum, suggesting price action may be entering a stabilization phase.
Fibonacci-based resistance zones are located at $1.45 and $1.49. Support structure remains intact within the $1.42–$1.39 corridor.
Long position liquidations have predominated since April 18, effectively reducing leveraged exposure throughout the market and tempering excessive bullish positioning. This development has contributed to improved funding rate conditions.
Blockchain analyst Ali Martinez shared technical analysis on April 24 highlighting a symmetrical triangle pattern developing on XRP’s hourly timeframe. His projection suggests a potential 10% advance from present levels, which would position XRP approximately at $1.58 if the pattern completes.
Growing Institutional Participation
Farmers & Merchants Investments, a banking institution managing $3.6 billion in assets under management, revealed ownership in the Bitwise XRP ETF through current SEC documentation. The institution maintains 2,374 shares with an approximate valuation of $35,681.
This firm additionally maintains positions in the BlackRock Bitcoin ETF. Goldman Sachs continues as the dominant institutional participant in XRP ETF instruments, controlling over $152 million in assets.
Spot-based XRP exchange-traded funds recorded net capital inflows of $3.89 million on Thursday, pushing aggregate total inflows to $1.28 billion. Combined assets under management across all XRP ETF products have reached $1.08 billion, per SoSoValue data.
XRP achieved its peak price of $3.65 on July 18, 2025. Current trading activity shows XRP at $1.44, with intraday movement between $1.41 and $1.44.
