Ripple XRP Price: Whales Are Pulling Billions Off Exchanges — Here’s What the Data Shows

TLDR

• Whales and institutions have withdrawn 7 billion XRP from exchanges since February 2025, cutting available supply by 16%.
• Large holders added roughly 11 million XRP per day on average in early April.
• Wallets holding between 1,000 and 100,000 XRP hit an all-time high of 1.1 million accounts.
• XRP is currently trading above $1.430, with key resistance at $1.4450 and potential upside toward $1.50.
• The XRP Las Vegas conference (April 30–May 1) is drawing major industry names including Ripple CEO Brad Garlinghouse.

XRP’s available supply on cryptocurrency exchanges has fallen sharply over the past 14 months, driven by steady withdrawals from large holders. On-chain data shows the sellable supply across 41 exchanges has dropped by more than 3 billion tokens since February 24, 2025, leaving around 16 billion XRP on exchanges as of April 23.

That represents a 16% decline in exchange-held supply. In the last 24 hours alone, investors pulled approximately 3.33 million XRP — worth around $4.69 million — off exchanges.

Ripple-backed research firm Evernorth Holdings highlighted the trend in an April 23 post on X. The firm said 7 billion XRP had been withdrawn from exchanges as whale flows turned positive again, pointing to a growing pool of long-term holders and shrinking selling pressure.

Evernorth analyst data showed large holders added about 11 million XRP per day on average in early April. The number of wallets holding between 1,000 and 100,000 XRP reached 1.1 million — an all-time high — according to data from Santiment shared by the firm.

The biggest exchange supply sits at South Korea’s Upbit, which holds around 6.47 billion XRP. Binance, Bithumb, and Uphold hold roughly 2.54 billion, 1.82 billion, and 1.64 billion respectively.

Supply Squeeze Builds Ahead of Las Vegas Event

The supply shift comes as Ripple prepares for XRP Las Vegas, described as the world’s largest XRP conference. The event is scheduled for April 30 through May 1 in Las Vegas, Nevada.

Ripple CEO Brad Garlinghouse, SVP Jack McDonald, and emeritus CTO David Schwartz are among the confirmed speakers. Bitwise CEO Matt Hougan and Franklin Templeton’s Lexi Gunter are also on the lineup. XRPL validator Vet said the event offers builders a chance to pitch projects and secure funding.

Evernorth Holdings is also moving toward a Nasdaq listing through a planned merger with Armada Acquisition Corp II. The company named Ripple CLO Stuart Alderoty as a director as part of that process.

Price Action: XRP Holds Above $1.430

XRP is currently trading above $1.430 and the 100-hourly Simple Moving Average, following a recovery from a low near $1.410. The price crossed above the 50% Fibonacci retracement level of the recent drop from $1.4625 to $1.410.

Bears have been active near the $1.4450 resistance zone. A sustained move above that level could open the door to $1.4620, and then toward $1.480 and $1.50. A rising channel with support at $1.430 is forming on the hourly chart.

On the downside, a break below $1.420 could push price toward $1.40, with further support around $1.3750 and $1.3550.

As of April 23, the daily XRP exchange outflow stood at roughly 3.33 million tokens, with the long-term holder base continuing to expand.

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