XRP price prediction as whale withdraws $9 million from exchange

At a time when $XRP is on a short-term upward trajectory, the asset has recorded notable whale activity likely to influence its price direction.

Details of the transaction indicate that the whale moved 6.3 million $XRP, worth roughly $8.8 million, from Upbit.

On-chain data shows the transfer was successfully validated, with the funds quickly redistributed across multiple wallets, signaling active repositioning rather than long-term storage.

Blockchain tracking indicates the receiving address now holds just 119,800 $XRP, valued at about $171,800, a drop from the original amount.

The pattern suggests the whale may be dispersing funds for liquidity management or strategic allocation, with additional data linking the originating wallet to a Bittrex-associated account, adding further intrigue.

Despite this distribution, large cryptocurrency exchange withdrawals are often seen as reducing near-term selling pressure, as assets move into private wallets.

This dynamic can help support price stability or even bullish momentum, depending on broader market conditions.

$XRP technical outlook

Meanwhile, technical analysis supports a cautiously optimistic outlook. According to analyst Ali Martinez, $XRP is nearing a key breakout level, with the daily chart showing a tightening symmetrical triangle, a setup that typically precedes a decisive move as volatility builds.

A confirmed breakout above $1.45 could signal bullish continuation toward $1.80, while a drop below the $1.36 support level would invalidate the setup.

Overall, the mix of whale activity and technical compression places $XRP at a pivotal juncture, with traders closely watching the $1.45 level for direction.

$XRP price analysis

By press time, $XRP was trading at $1.45, having rallied by over 3% in the past 24 hours. On the weekly timeframe, the token is up more than 4%.

At the current price, $XRP is trading above its 50-day SMA of $1.39, a mildly bullish short-term signal suggesting recent upward momentum.

However, the 200-day SMA sits at $1.79, indicating that $XRP remains in a longer-term downtrend and still has significant ground to recover before reclaiming a broader bullish structure.

The 14-day RSI of 53.90 places $XRP in neutral territory, slightly above the midpoint of 50. This suggests there is no strong buying or selling pressure at the moment; the asset is neither overbought nor oversold, leaving room to move in either direction.