1,350,000,000 XRP Pulled From Exchanges: What Are Ripple Whales Up To?

1.35 billion XRP removed from exchanges in 60 days as whales change ownership; Analysts see a possible breakout with price targets up to $22.

45% drop in exchange rate balances

According to on-chain data shared by ChartNerd, XRP’s total exchange balance fell from 3.95 billion to 2.6 billion tokens. This represents a reduction of 45% over a period of less than 60 days.

📣 $XRP’s total balance on the exchanges has fallen off a cliff ⛰️ falling from 3.95 billion tokens to around 2.6 billion 🔥 which means a 45% collapse in just under 60 days – 1.35 billion #XRP removed from the public order books 📚 pic.twitter.com/flh3UXCQAp

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) December 9, 2025

Such a shift could mean moving tokens to cold wallets. When coins leave the exchanges, they are less likely to be sold in the short term. As CryptoPotato reported, more than 510 million XRP was moved between major wallets in one week, raising questions about distribution or storage changes. Meanwhile, the XRP Ledger rate has increased, showing that tokens are switching wallets more often.

As the exchange rate fell, the price of XRP also fell. At the time of writing, the stock is trading at $2.08, down more than 42% from the July 2025 high of $3.65. The price has fallen by 5% in the past week. Trading volume in the past 24 hours reached 3.6 billion, an increase of 38% compared to the weekly average (according to CoinGecko data).

Although the activity level increased, the price could not stay above $2.10, after a brief increase to $2.17, showing that sellers can be active around that level.

Technical pattern indicates 16% movement

XRP trades within a symmetrical triangle pattern on the 4-hour chart, according to to analyst Ali Martinez. These patterns often lead to breakouts once price pressure builds at the end of the triangle.

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“$XRP is trading within a triangle and gearing up for a 16% move,” Martinez said.

A move above the upper trendline could push the price towards $2.4 to $2.45. A drop below the support could send the price towards the $1.8-$1.85 zone. Martinez too marked $1.94 because the level XRP needs to maintain to bounce higher.

Long-term structure aims to peak at $22

Analyst CW shared a chart showing XRP in a four-phase market cycle. This cycle includes a base, a sideways range, a tightening pattern, and a breakout move. The current setup reflects a pattern from 2017.

Notably, the chart places the next possible price target at $22. This level is based on a Fibonacci extension of 6,618 from the previous move. On the weekly chart, the Stochastic RSI rises from the oversold level. In previous cycles, this indicator rose in anticipation of strong price increases.