XRP surges toward $1.30 as whale withdrawals climb 74.5% ahead of key resistance

XRP rallied toward $1.30 on Wednesday, supported by strengthening sentiment across the cryptocurrency market and a sharp increase in large-holder withdrawals from exchanges. The rebound follows broad stabilization in digital assets after recent volatility, with both institutional and retail investors closely monitoring new inflows and technical resistance levels. Large XRP investors, commonly referred to as whales, have dramatically raised their exchange withdrawals over the past week. Data from CryptoQuant shows that net outflows by whales reached nearly 696 million XRP on Wednesday, a significant jump from 399 million XRP on October 28.

Source: CoinTurk News