XRP is under pressure as major holders pull $592 million in XRP from Binance and Coinbase over two days.

The withdrawals, totaling 442 million XRP, occurred on March 27 and March 30. Coinbase contributed the bulk of the outflows each day.

This marks the strongest whale activity since early February, when a similar spike saw 530 million XRP leave exchanges in one day.

- Figure 1 -
- Figure 1 -

Compared to recent behavior-averaging about 50 million XRP daily-this surge is nearly nine times higher. The move indicates renewed activity among large investors.

The funds did not transfer to other exchanges. They exited the sell side entirely, reducing supply on exchanges like Binance and Coinbase.

XRP’s price remains below $1.30, consolidating near key support zones. Moving averages are bearish, showing continued weakness.

- Figure 2 -
- Figure 2 -

With volume declining and sellers dominating, XRP may test the $1.15-$1.20 range if current support fails.

Featured image from ChatGPT, chart from TradingView.com