XRP may be quietly approaching a major turning point. While the asset continues to trade in a tight range between $1.40 and $1.45, experienced market watchers know that the strongest rallies often begin when the market appears calm. Beneath the surface, fresh on-chain data suggests that large investors may already be preparing for the next upward move.
Sideways markets often test patience. Retail traders usually interpret slow price action as weakness, but whales often use these periods to accumulate positions before momentum returns. This pattern has repeated across multiple crypto cycles, and analyst Chad Steingraber believes XRP may now be entering that exact phase.
Steingraber recently highlighted new Santiment data showing that 34.94 million XRP left exchanges on April 24, 2026. That marked the sixth-largest single-day XRP outflow of the year. He called the development an entry into the “XRP Bull Zone,” noting that similar spikes in exchange outflows have historically preceded major price rallies. His chart compared previous outflow surges with later XRP breakouts, identifying several past moments as strong accumulation signals.
We're entering the XRP Bull Zone✅
👀 https://t.co/SQAwipZVf5 pic.twitter.com/xkyLSHvf4R
— Chad Steingraber (@ChadSteingraber) April 24, 2026
Why Exchange Outflows Matter
Large exchange outflows often reveal investor confidence more clearly than short-term price movement. When whales remove XRP from centralized exchanges, they usually move those holdings into private wallets or long-term custody rather than preparing to sell.
This process reduces the amount of XRP available for immediate sale. If demand increases while exchange supply falls, the market can react with a stronger upward price movement. Analysts often call this a supply squeeze, especially when large holders drive the withdrawals.
Steingraber’s analysis follows this logic. He suggests that shrinking exchange balances often signal conviction among serious investors who expect higher prices ahead rather than short-term profit-taking.
Stronger Market Conditions Support the Thesis
This signal arrives during a much stronger phase for XRP. Institutional interest has improved, with XRP-related exchange-traded products attracting more than $65 million in inflows during April 2026. That level of capital flow reflects growing confidence from professional investors.
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At the same time, XRP no longer carries the heavy uncertainty that once surrounded Ripple’s legal battle with the U.S. Securities and Exchange Commission. With that chapter fully closed, market attention has shifted toward adoption, liquidity, and long-term network utility.
These stronger fundamentals lend more weight to bullish on-chain signals, allowing investors to focus on market structure rather than regulatory risk.
Key Levels Traders Are Watching
XRP continues to defend the important $1.40 support zone while facing resistance between $1.46 and $1.50. A decisive breakout above that range could confirm stronger bullish momentum and trigger fresh buying pressure.
Momentum indicators remain relatively neutral, which many traders view as healthy since XRP hasn’t entered overbought territory. That leaves room for a stronger move if demand picks up.
For now, Steingraber’s conclusion remains clear. Large holders are removing XRP from exchanges, supply is tightening, and market conditions are improving. If previous cycles offer any guide, this quiet accumulation phase may be laying the foundation for XRP’s next major rally.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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