XRP whales buy 11M XRP as exchange outflows rise before Japan conference

XRP whales ramp up buying as retail hesitates. On-chain data shows a shift to accumulation and rising outflows from exchanges.

XRP whales buy 11M/day; 30DMA flips positive, outflows rise before Japan event

- Whales moved from distribution to accumulation. CryptoQuant’s Whale Flow 30DMA turned positive after 3+ months below zero CryptoQuant Whale-to-Exchange Flow.

- Whale buying hit a multi-month peak. Activity stands near the highest level in roughly 10 months NewsBTC: whale activity jumps.

- Large holders are adding over 11M XRP per day, sustaining the accumulation trend NewsBTC: whales shift positioning.

- Price defended key support. XRP rebounded after $1.28 and traded near $1.33; traders watch for a breakout setup NewsBTC: key support defended Bitcoinist: breakout odds.

- Exchange outflows rose. More coins moved to private wallets, tightening liquid supply and easing near-term sell pressure Bitcoinist: exchange exodus NewsBTC: exchange supply dries up.

- Event catalyst this week. A Japan XRPL-focused conference featuring Ripple execs will emphasize institutions, DeFi, and ecosystem growth Bitcoinist: institutional focus. Japan is strategic via SBI’s ties with Ripple NewsBTC: SBI relationship.

Retail sentiment remains shaky, while whales accumulate into the event window NewsBTC: retail fear Bitcoinist: “don’t get shaken out”.