Large Investors Are Buying XRP: Is $1.35–$1.40 the Bottom?
XRP remains below the three major moving averages, as well as below a key Fibonacci level. The technical picture continues to look weak, but data from large investors suggests otherwise.
Summary:
- XRP remains below all major levels.
- The area around $1.38 is the first serious resistance.
- The latest major outflow reached $49.2 million.
- XRP reserves on Binance fell to a three-month low.
XRP is trading at $1.36 on the daily chart – below the 50-day simple moving average (SMA) at $1.3977 and the 100 SMA at $1.3974.
The two averages are now almost overlapping and are forming strong resistance around the psychological $1.40 zone. The 200 SMA remains much higher at $1.6836, showing that the long-term downtrend has still not been broken.
The Fibonacci retracement between the April low at $1.27 and the May high at $1.55 outlines the current key market zone. XRP is currently trading only about $0.018 below the 0.618 Fibonacci level at $1.3818. This level is what separates continued downward pressure from a possible short-term recovery attempt.
Above it, the next important targets are:
- 0.500 at $1.4138
- 0.382 at $1.4458
- 0.236 at $1.4853
On the downside, the next support remains the 0.786 level at $1.3363, while a full correction toward $1.2784 would mean that the entire April–May move has been erased.
The RSI indicator is at 44.07 and remains below the neutral 50 level. Its average value at 48.55 is also beginning to form a bearish crossover. The market is still not in oversold territory, meaning there is room for further downside before a more serious recovery attempt appears.
Activity Is Repeating in the Same Zone
On May 22, Binance recorded a negative XRP whale netflow of $49.2 million while the price was moving around $1.35, according to data from CryptoQuant. This means that large holders were withdrawing XRP from the exchange – behavior usually associated with accumulation rather than selling.
More interestingly, this is not an isolated case. The same pattern has appeared three more times in the $1.35–$1.40 zone since
February:
- February 27: -$60.7 million around $1.38
- March 6: -$35.5 million around $1.38
- March 26: -$37 million around $1.37
- May 22: -$49.2 million around $1.35
Four separate cases. The same exchange. The same direction. Nearly identical price zones.
This sequence suggests that large participants have repeatedly viewed the $1.35–$1.40 range as an accumulation zone. The data confirms XRP withdrawals from Binance, although by itself it does not prove the exact motivation behind these movements.
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The repeated withdrawal of XRP precisely in this zone supports the thesis that major players are beginning to view this level as a potential bottom.
Reserves Are Declining
Binance’s total XRP reserves have fallen to around 2.70 billion XRP – the lowest level in the last three months. The decline has been gradual and coincides with weaker price volatility.
When exchange reserves decline, it means the amount of XRP available for immediate selling is gradually shrinking. By itself, this does not guarantee a price increase, but it usually reduces the pressure that limits recoveries.
The combination of lower reserves and repeated outflows around the same zone suggests that supply is beginning to tighten, even though the price has not yet reacted to it.
The Key Level
Right now, the market is sending two completely different signals.
The technical structure remains negative – XRP is below all major moving averages, has been forming lower highs since May, and RSI remains below 50.
At the same time, on-chain data is showing the most consistent accumulation signal in months.
That is exactly why the $1.3818 zone is becoming decisive. A daily close above this level and turning it into support could open the way toward $1.40, and then toward $1.4138 and $1.4458.
If XRP fails to reclaim $1.3818 and falls below $1.3363, the market will likely shift its focus toward the $1.30 zone and the full correction at $1.2784. In such a scenario, the whale signals would turn out to be support that failed to hold.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Kosta Gushterov
Reporter at CoinsPress
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
