Key takeaways: XRP at $1.4114 – testing horizontal support at $1.40. RSI at 31.29 – approaching oversold, signal line at […]
The post XRP Whale Activity Collapses to Near Zero While Price Tests Critical Support at $1.40 appeared first on Coindoo.
- XRP at $1.4114 – testing horizontal support at $1.40.
- RSI at 31.29 – approaching oversold, signal line at 36.87, both falling.
- Whale-to-exchange transactions: 192 – near zero after 38K peak on April 11.
- Exchange depositing transactions: 28 – near the floor of the entire dataset.
- Exchange withdrawing transactions: 12 – lowest since 2021.
- Lower high pattern: April 17 peak $1.51, April 22 peak $1.46.
When exchange withdrawals drop to 12, the lowest reading since 2021, the instinct is to frame it as a single bearish signal. XRP holders keeping coins on exchanges rather than moving to self-custody. That is one reading. The full picture across four simultaneous metrics tells something more specific.
Whale-to-exchange transactions on Binance stand at 192. Exchange depositing transactions sit at 28. Exchange withdrawing transactions are at 12. Every directional flow of XRP, into exchanges, out of exchanges, from large holders toward sell-side venues, has collapsed to near zero at the same time. This is not a market where coins are accumulating on exchanges in preparation to sell. It is not a market where coins are leaving exchanges as conviction holders accumulate. It is a market that has stopped making decisions entirely.
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How the freeze happened
The sequence is visible in the whale data. On April 11, whale-to-exchange transactions spiked to approximately 38,000, the largest single reading for the CryptoQuant’s chart period. That movement preceded XRP’s price peak at $1.51 on April 17. Large holders sent significant XRP to Binance at the exact moment price was most favorable. Then it stopped. By April 19 whale transactions were back near zero. By April 23 the reading is 192.
The depositing transaction data confirms the same timeline. The mid-April spike to approximately 7,500 dropped sharply after the price peak. Current reading: 28. The distribution wave that drove XRP to $1.51 is complete. The entities that moved coins to exchanges in early-to-mid April have either sold or are holding at current prices. Either way they stopped sending more.
The withdrawal collapse is the final piece. During the 2024-2025 bull market, withdrawal transactions regularly reached 100,000 to 1 million, coins leaving Binance to self-custody as holders accumulated. The current reading of 12 is not just low. It is structurally anomalous. The market has stopped moving in either direction.
What a frozen market does to price
The price chart shows what happens when on-chain activity freezes while residual sell-side supply remains. XRP made a lower high on April 22 at $1.46 compared to the April 17 peak at $1.51. It is now testing the $1.40 horizontal support level that held during the April 20 selloff. RSI at 31.29 is approaching oversold with the signal line at 36.87 and both still falling, selling momentum has not exhausted itself yet.
The lower high pattern matters here. A market where on-chain activity has frozen but price is still making lower highs means the selling is coming from XRP already sitting on exchanges, residual supply from the April distribution wave, rather than fresh supply arriving from off-chain. But it is still selling. And without fresh demand the path of least resistance at $1.41 remains downward.
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The signal that breaks the freeze
With whale-to-exchange at 192 and depositing at 28 the overhead supply threat has been significantly reduced. The entities most capable of sustained selling have stopped adding to exchange inventory. The question is what replaces the selling pressure with buying pressure, and the current on-chain data provides no answer.
A genuine accumulation signal looks like withdrawals rising while price holds or climbs, coins leaving exchanges to self-custody as conviction holders absorb available supply. That reading is at 12. The $1.40 support being tested now with approaching-oversold RSI creates a technical setup where a bounce is plausible. But a bounce in a frozen market is not accumulation. It is the temporary absence of sellers outweighing the absence of buyers.
The lower high pattern stays intact until XRP closes and holds above $1.46. The on-chain freeze stays intact until withdrawal activity begins recovering. Right now both conditions are unmet, and the support at $1.40 is the only thing separating the current state from a breakdown that resets the entire range lower.
The post XRP Whale Activity Collapses to Near Zero While Price Tests Critical Support at $1.40 appeared first on Coindoo.
Source: https://coindoo.com/xrp-whale-activity-collapses-to-near-zero-while-price-tests-critical-support-at-1-40/
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).
