XRP exchange outflows rose sharply on Thursday, with roughly 13.24 million tokens leaving exchange wallets around 01:00 UTC, according to Santiment data shared by market analyst Ali Charts. Over the past week, large holders also increased their combined balances by approximately 60 million XRP, the same data source showed.
On-Chain Signals
Ali Charts, in a five-part post on X, pointed to the spike in exchange outflows and noted that the movement may reduce the supply of XRP immediately available for sale. The analyst also highlighted the growth among the largest holders, though he could not confirm whether the coins withdrawn from exchanges are the same ones added by whales. He described both metrics as signs of rising interest from large holders.
The two on-chain readings come from different data points: one tracks exchange balances, while the other tracks large wallet holdings. Both figures were supplied by Santiment in charts attached to the thread, meaning the on-chain case relies on a single data source.
Technical Setup
On the daily chart, Ali Charts said XRP appears to be forming the right shoulder of an inverse head-and-shoulders bottom. The pattern is considered potential because it remains incomplete, and the analyst treated it as a setup rather than a confirmed reversal.
He is watching for a move toward the neckline at $1.60. A break above that resistance would confirm the pattern, according to his post, and bring the next price target of $2.10 into focus. Until then, the neckline remains the key level to watch.
Ali Charts closed the thread by combining both sets of signals, saying that XRP exchange outflows and whale accumulation are building the bullish case. However, he noted that the chart will decide whether the setup becomes a breakout, and he did not offer a timeline for the move. The post does not claim that a breakout has started; instead, it points to the $1.60 neckline as the next test for the token.
