XRP (CRYPTO: XRP) supply dynamics and accumulation trends are beginning to draw attention from traders watching for a potential shift in momentum.

Supply Shows Interesting Developments

In an X post on Apr.23, EvernorthXRP noted that a record 7 billion XRP were withdrawn from exchanges in February, marking the largest monthly outflow since November 2025.

Such movements are typically interpreted as a shift away from short-term selling pressure, as assets moved off exchanges are more often held in longer-term storage.

In early April, large holders reportedly resumed accumulation at a pace of around 11 million XRP per day, reversing a period of inactivity that lasted more than three months.

Spot XRP ETFs have also contributed to demand, recording more than $41 million in net inflows in 2026.

At the same time, wallet data shows increasing retail participation. The number of addresses holding between 1,000 and 100,000 XRP has reached an all-time high of 1.1 million. These mid-tier wallets have collectively accumulated more than 500 million XRP since the fourth quarter of 2025.

Overall, analysts note two key supply-side trends: exchange balances are declining, reducing immediately available sell pressure, while long-term holders continue to expand.

Key Price Levels In Focus

Crypto analyst Cryptoinsightuk highlighted $1.395 as a critical short-term pivot level for XRP.

  • A breakdown below $1.395 could open downside liquidity toward the $1.27 to $1.20 range.
  • Holding above $1.395 could support a move toward $1.60.

The market is currently trading within a defined range, with liquidity zones established above and below current levels.

In an Apr. 21 post on X, analyst Ali Martinez said XRP may be undergoing a structural shift from bearish to bullish conditions. He pointed to a SuperTrend indicator buy signal, the first since January, alongside reports of whale accumulation totaling 360 million XRP in a single week.

Martinez added that maintaining support above $1.30 would help preserve the bullish outlook.

Image: Shutterstock