Over $1.7M in XRP Exit Binance Amid Bullish Higher Low Signal

XRP worth more than $1.7 million recently exited Binance hot wallet, signalling heightened hodling.

Over $1.7M in XRP Exit Binance Amid Bullish Higher Low Signal. Source: Shutterstock
Source: Shutterstock

Cryptocurrencies leaving exchanges is usually deemed bullish because they are transferred to cold storage for future purposes other than speculation.

Is XRP Witnessing Long-Term Holding Intent?

$1.7M in XRP leaving Binance hot wallet suggests that investors are taking tokens off exchanges for long-term holding, reducing sell pressure, and setting the stage for a potential bullish move due to reduced supply and increased confidence.

Source: Joa
Source: Joa

Therefore, XRP might be eyeing a breakout, having stagnated in the $2.10 to $2.20 zone.

Market analyst Lingrid pointed out, “The price is compressing within a narrowing structure, hinting at a potential bullish squeeze back into the 2.30–2.35 target zone. Multiple triangle breakouts in the past support a pattern of breakout-continuation behavior. A strong reclaim above 2.20 would confirm the next leg up is underway.”

Source: Lingrid
Source: Lingrid

At the time of this writing, XRP was up by 1.6% to trade at $2.21.

Therefore, XRP will need to hold the critical support zone of $2.20 to boost its chances of experiencing a notable leg up.

Is XRP Gearing Up for a Trend Reversal?

According to Lingrid, “XRP is forming a higher low above the green support band following a volatile consolidation period after the descending triangle breakdown.”

XRP’s higher low formation isn’t just technical jargon, it reflects a shift in market psychology. 

Buyers are defending higher prices, whales are accumulating, and institutions are injecting capital. 

Should XRP break and stay above the critical $2.30–2.36 range, it could embark on a strong upward trend toward the $3–5 zone, marking a bullish chapter in its 2025 trajectory.

In techincal analysis, a higher low shows that buyers are stepping in earlier than before, indicating heightened demand or confidence.

Therefore, if XRP forms a series of higher lows and higher highs, an uptrend will be in the offing.

Meanwhile, XRP’s adoption on South Korean soil continues to go through the roof after recently recording a daily trading volume of more than $95 million on crypto exchange Upbit. 

What Does XRP’s Price and Volume Compression Indicate?

XRP has spent the past several months locked in a tight price and volume compression, a classic precursor to a major breakout. Here’s why this setup is attracting attention, and why a significant move may be imminent:

1. Technical Compression: Triangle & Wedge Structures

XRP has formed a well-defined symmetrical triangle extending about 334 days, squeezing price between ~$2.00 and ~$2.40.

Concurrently, a falling wedge has emerged near the same range, a bullish configuration when paired with compression.

Typically, such patterns resolve within 75–95% of their duration—placing the breakout window between early July and mid‑September 2025.

2. Dwindling Volatility = Rising Tension

Daily Bollinger Bands have narrowed sharply, reflecting compressed volatility.When volume withers and bands tighten, the ensuing breakout is often sharp—either upward or downward—depending on directional bias.

Source: TradingView
Source: TradingView

3. Derivatives Activity & On‑Chain Signals

Despite lower trading volume, swaps like XRP derivatives and options are showing increased open interest, signaling traders building positions for a move. 

Spot data reveals whales accumulating; nearly 9.9% of total supply is now held in 1M–10M XRP addresses—a 65% increase since late 2024. Importantly, XRP outflows from exchanges have spiked, often a bullish harbinger.

4. Key Levels to Watch at Breakout Points

  • Resistance at $2.30–$2.40: A decisive daily close above $2.30 would exit both triangle and wedge patterns, unlocking the rally zone.

  • Upside Targets:

  • $2.60–$2.72: Initial Fibonacci targets post-breakout.

  • $3.00–$3.40: Next swing levels, capped by the January multi‑year high.

  • $5–$17+: EGRAG, WatersAbove, and others model depth suggest moves from $5–$17—even $27—if momentum accelerates.

  • Support at $2.03–$2.10: Holds pattern validity; a drop below risks a pullback toward $1.70–$1.90.

Conclusion

XRP’s price and volume compression is not random, it’s a textbook setup for a major breakout. 

With technicals aligning, whales stacking, and catalysts brewing, the next few weeks could mark the beginning of a powerful trend. 

Should XRP decisively close and hold above $2.30–$2.40, then a bull run will be imminent for the 4th-largest cryptocurrency based on market capitalization with a hodling trend already gaining steam.