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A whale withdrew $900M in XRP, pushing price near $1.57 resistance with potential to reach $1.70.

Market News
28 Sep 2026
Blockonomi
View Source
Bullish
A whale withdrew $900M in XRP, pushing price near $1.57 resistance with potential to reach $1.70.

A large XRP holder moved 580 million tokens worth about $900 million off exchanges in seven transactions, reducing XRP available for trading. This contributed to $6.76 million in net outflows and a 2.48% drop in XRP's exchange reserves by dollar value, signaling shrinking supply. XRP recently broke above a descending pennant pattern and is testing resistance near $1.57, with support at $1.50. If it surpasses $1.57, the price could rise toward $1.70, while failure to break this level might see a pullback to $1.50.

XRP trades at Rp26,591 on Pluang as of Sep 28, 2026 16:51 WIB, down 3.44% in the last day. The market cap stands at Rp1.669,11 trillion with a 24-hour volume of Rp64,54 trillion. Buyers dominate with 74% of order activity, and typical hold time is 71 days, showing steady investor interest despite recent price moves.

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