While XRP continues trading in a tight range, fresh on-chain activity is once again fueling speculation about what major players are doing behind the scenes. According to an analyst, nearly 90 million XRP has reportedly been removed from public exchanges, triggering discussions around a possible supply squeeze and upcoming volatility expansion.
Whale Activity Drops as XRP Enters Compression Phase
According to the analyst, the biggest shift isn’t just the disappearing XRP supply, but the sudden collapse in whale transactions. Data from Santiment reportedly showed transactions above $1 million falling by nearly 57% in just a few days, dropping from around 157 transactions to only 67.
At the same time, XRP has been trading inside a narrow range between roughly $1.29 and $1.50, creating what analysts describe as a heavy “compression phase.” He further compared the setup to a coiled spring, warning that low volatility phases like this often lead to aggressive price moves later.
However, instead of seeing whales panic sell, the analyst says that large players are simply stepping away from public exchanges while quietly accumulating through private channels.
Binance and Coinbase Showing Different XRP Trends
The analysis also pointed to an interesting divide between Binance and Coinbase activity. Binance reportedly saw a surge in withdrawals involving wallets moving over 1 million XRP, suggesting large institutional-sized transfers were taking place.
Meanwhile, Coinbase activity appeared more retail-focused, with mid-sized wallet withdrawals increasing instead of massive whale transfers. According to the analyst, this could indicate institutions are using Binance for larger accumulation while smaller investors continue buying through Coinbase.
He further claimed much of the removed XRP may have moved into cold storage wallets, OTC desks, or institutional dark pools rather than being sold on the open market.
XRP Breakout Could Be Near
Despite weak short-term sentiment, the analyst argued XRP’s broader fundamentals remain active. Network activity reportedly continues processing close to 2 million daily transactions, while institutional interest around cross-border payment infrastructure remains strong.
From a technical standpoint, the analyst believes a confirmed breakout above the $1.50 resistance zone could open the path toward $1.80 and beyond. However, if XRP loses support around $1.29, the market could revisit the psychological $1 region before recovering.
For now, the analyst says whales appear to be preparing quietly while retail traders remain focused on short-term price frustration.