Whales pulled 442M XRP from Binance and Coinbase as price sits near $1.30 support

Large holders withdrew about 442M XRP in two sessions, worth roughly $592M. The coins left Binance and Coinbase on March 27 and 30, tightening immediate sell-side supply according to CryptoQuant.

Two bursts, not a drip. $298.8M on March 27 and $293.5M on March 30, with Coinbase the larger source both days source.

The scale stands out. After a February 6 peak near 530M XRP in one day, outflows cooled to ~50M per day through most of March. Late-March jumped back to near-February intensity, roughly 9x the recent daily average across two sessions CryptoQuant.

The path matters. The report flags that coins did not rotate to other exchanges. They exited exchange wallets, cutting the immediate float on Binance and Coinbase source.

Price action remains weak across timeframes. On the 3‑day chart, XRP consolidates near $1.30 after a breakdown from its prior uptrend. Price sits below the 50, 100, and 200 MAs, all sloping down, capping rebounds. The range holds between ~$1.15 and ~$1.50, with repeated failures above ~$1.40 and lower highs. Volume fell during the pause, showing lighter participation. If current support fails, $1.15–$1.20 is the next key zone (chart source: TradingView).