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XRP whales control 90% of exchange outflows, fueling price rally amid cautious technical outlook.

Technical Signals
05 May 2026
FXEmpire
Bullish
pluang ai news

XRP whales now dominate over 90% of token outflows from exchanges, signaling strong accumulation by large holders who added $570M in 11 days. This reduced supply on exchanges supports XRP's recent 27% price rebound. However, technical analysis shows a symmetrical triangle pattern suggesting potential 25% downside toward $1.05 if support breaks. The market awaits a decisive move above $1.60 to confirm bullish momentum or a drop below $1.30 to confirm bearish risks.

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