[DigitalToday reporter Yoonseo Lee (이윤서)] XRP whale investors withdrew $170 million worth of tokens from Binance, lifting the $1.35 to $1.40 range as a key accumulation and support zone.

Cointelegraph reported on May 25 that large withdrawals of at least 1 million XRP from Binance on May 22 totalled 122 million XRP. At current prices, the holdings are worth about $170.8 million.

CryptoQuant data show daily whale outflows exceeded 100 million XRP for the first time since early February, when they hit 278 million XRP. The move drew attention because it occurred while XRP was trading around $1.35.

Analyst Amr Taha pointed to the price level as central to the flow. He said the recent move mattered more because of its price context, explaining that XRP was near $1.43 during the Feb. 9 withdrawal surge, while the May 22 spike appeared around $1.35. He described the $1.35 to $1.40 range as an important observation zone for XRP.

Large moves off exchanges are typically interpreted as large holders shifting assets to self-custody wallets or increasing exposure to XRP investment products. That can reduce the amount available for short-term selling. XRP spot exchange-traded funds have recorded net inflows for 16 straight sessions, with cumulative inflows reaching $116.75 million.

Price action remains range-bound. XRP has traded in a narrow $1.30 to $1.50 band since early February. The market views $1.30 as a short-term defence line. Market analyst Chartnerd said XRP must hold $1.30 support to re-test the $1.50 resistance level, calling $1.30 a safety device.

Whether XRP breaks above the top of the range is also a key point to watch. After breaking above $0.68, the top of a long-term range that ran from May 2022 to November 2024, XRP surged about 400 percent to $3.40 in January 2025. A similar expansion could reappear if XRP breaks above $1.50 with volume, some say.

Volatility indicators also point to a compression zone. Bollinger Bands have converged to their narrowest level since mid-2024. In similar cases in the past, XRP has risen 58 to 82 percent. Some forecasts say $2.33 could open up if the pattern repeats.

In the short term, resistance in the $1.40 to $1.50 range remains strong. Analyst Crypto Patel described the current zone as the best accumulation range, but said a meaningful rise would be possible only after a breakout above the upper resistance is confirmed. The market is watching whether the supply-demand shift signalled by whale withdrawals and spot ETF inflows can defend $1.30 support and lead to a break above $1.50.