XRP exchange outflows surge as whales accumulate, eyes on $1.60 breakout

XRP is attracting significant attention this week following a surge in exchange outflows and rising activity among large holders. These trends are unfolding as the cryptocurrency’s price forms an inverse head-and-shoulders pattern, often regarded as a bullish reversal setup, although a confirmed breakout still remains elusive. At approximately 01:00 UTC, exchanges saw nearly 13.24 million XRP withdrawn. Such outflows typically signal reduced selling pressure by taking tokens out of the immediate market supply. While a decreased exchange balance can be a precursor to upward price moves if demand increases, on its own it does not guarantee new highs. During this period, XRP’s price hovered in a consolidation zone, trading between $1.30 and $1.32. This price stability persisted despite substantial tokens moving away from trading platforms.

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