Withdrawals from XRP Whale Wallets Exceed 720M Amid Opportunity Signals

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research before making any investment decisions.

XRP whale wallet withdrawals have surged—on-balance transactions are clocking in at major volumes, according to Phemex’s coverage and Crypto’s coverage. As a result, wallets with at least one million XRP now control 74.1% of the total supply, based on Santiment data cited by Crypto. These outsized moves aren’t happening in a vacuum. Risk-adjusted indicators, especially the Sharpe ratio, are now suggesting that XRP has entered a phase with historically attractive upside—and improving capital inflows from institutional products only brighten the outlook.

XRP has staged an impressive comeback,” Santiment said.”.

June 16 brought more proof: XRP trading volume topped $3 billion as prices hovered near $1.23, putting the asset at the center of renewed accumulation trends and a shifting market structure. That positioning highlights just how much whale wallet withdrawals—now topping 720 million—are fueling talk of a new opportunity.

Whale wallets and exchange flows draw attention

This trend is significant because Phemex figures show that XRP whale wallets executed major withdrawals on March 10, marking one of the highest single-day outflows from centralized exchanges for the asset in 2026. By removing such a large token pool, immediate sell-side pressure drops, typically tightening supply and adding support for price stability—or, sometimes, even causing short-term appreciation. Crypto confirms that wallets holding at least a million XRP now command 74.1% of circulating supply, putting large holders firmly in the driver’s seat.

This wave of accumulation set up XRP’s trading volume to crack $3 billion in June—well up from late Q1 averages.

Analyst data shows XRP’s Sharpe ratio—a core measure of risk-adjusted returns—now favors XRP over many other large-cap cryptocurrencies.

Those five weeks of upbeat inflows into XRP-linked products capture rising demand from professional investors seeking both diversification and targeted XRP exposure. About 60% of all circulating XRP sits at cost bases above today’s market price, so many large holders look willing to hold out for a better market environment before even thinking about selling. As capital shifts from Bitcoin and Ethereum into XRP, The risk-adjusted outlook for XRP to hold its edge going into the next quarter.

Market price action and support levels

On June 16, XRP traded near $1.23—with prices climbing 4.17% in 24 hours and spot trading volume topping $3 billion, as Crypto reported. This uptrend started gaining steam back in early March, when XRP’s price was closer to $1.37. That $1.37 print reflected a 62% drawdown from the July 2025 all-time high of $3.65. And while XRP is still down about 28% year-to-date, current consolidation above $1.20 suggests whale accruals are beginning to set a new soft support.

Wallets containing between 100 million and one billion XRP raised their holdings sharply over a 48-hour span in March, driving the supply-demand shift that recent exchange data reveals. At the same time, XRP withdrawal ratios have consistently hovered above 53% into mid-June, underscoring a trend of aggressive accumulation and limited re-circulation to exchanges.

ETF demand, ecosystem activity, and supply dynamics

Crypto’s tracking further reveals that ETF flows toward XRP have sharply diverged from Bitcoin and Ethereum during Q2 2026. Instead of seeing product outflows like the other two, XRP-linked exchange-traded products racked up positive inflows for five straight weeks. That’s a clear sign of deepening institutional appetite for XRP as a non-correlated play, perhaps spurred on by changing attitudes in the payments and DeFi world. Specifically, several spot XRP ETFs are now trading in the US, adding a new institutional gateway.

On-chain stats from Cryptoconfirm whale wallets loaded up on XRP throughout March—activity that fueled demand spikes among the top holder tiers. Along with withdrawal transactions surpassing 53% of flows in June, that pattern draws down the liquid supply available for trading. Positive ETF net inflows, overall with shrinking exchange balances, point to a less liquid, potentially more volatile XRP market ahead.

Sharpe ratio, accumulation, and the next catalyst

Analysts point to a steadily improving Sharpe ratio for XRP, revealing that risk-adjusted returns have moved higher even as overall price volatility has eased since last quarter. These numbers matter—fund managers closely monitor such metrics because they flag times when the reward-to-risk equation tilts in favor of upside. About 60% of all circulating XRP now sits above the current market price, a setup suggesting large investors are positioning themselves for a sustained rebound or fresh rally.

Santiment data cited by Crypto dubbed XRP’s move an “impressive comeback,” highlighting the turnaround from a slow start to 2026. Derivatives exposure and open interest in futures remain shaky, but spot and ETF data reinforce a case for continued accumulation and relative outperformance. In fact, many traders are eyeing a break above $1.30.

Implications for traders and forward outlook

XRP’s latest withdrawal surge lines up with active moves by the biggest holders, setting the market up for sudden volatility spikes and sharp price swings, according to analysts. Risk-adjusted measures, including the Sharpe ratio, now place XRP among the stronger digital assets once you factor in both returns and downside risk.

For traders focused on on-chain metrics and accumulation trends, whale wallet behavior paired with ETF flows is the combo to watch. Any reversal—from rising withdrawals to renewed deposit surges—could be the first clue that big holders are shifting from accumulation to cashing out. Right now, though, structural data back a cautiously bullish rebound scenario. With trading volumes regularly surpassing $3 billion and active supply shrinking, traders seeking a breakout or extended range market aren’t alone. High-impact regulatory news or a major protocol upgrade would be the most likely spark for breaking through stubborn resistance—especially if the historic pattern of large-scale withdrawals repeats.