XRP (XRP) has surged over 30% in the past three months, with new technical and on-chain indicators pointing to further upside for the XRP/USD pair.
Key takeaways:
- Strong exchange outflows, rising whale accumulation, and solid ETF demand are reinforcing XRP’s bullish outlook.
- A wedge pattern on the charts points to a potential 30% price increase by June.
Nearly 35 million XRP exited exchanges in the past 24 hours, marking the sixth-largest daily outflow of the year, according to Santiment.
Such large outflows typically indicate that investors are moving tokens into private wallets or custody, reducing the supply available for immediate selling. Earlier this year, similar spikes were followed by modest gains in XRP’s price, strengthening the case for further upside.
In March, a comparable surge in exchange outflows was followed by a roughly 20% rebound in XRP. A similar spike in February preceded an even stronger rally, with gains of around 48%–50%.
These past patterns reinforce the view that the latest wave of withdrawals could set the stage for further upside in May.
At the same time, US-based spot XRP ETFs have recorded three straight weeks of net inflows, totaling about $82.88 million as of Saturday, according to SoSoValue. This streak has helped lift total assets under management to approximately $1.1 billion.
This indicates an increased institutional appetite for XRP products.
Positive whale flows reinforce bullish sentiment
XRP whale flows have turned positive, according to CryptoQuant data, indicating that large holders are shifting back to accumulation rather than distribution.
The 90-day moving average of XRPL whale flows has also climbed above zero after spending much of early 2026 in negative territory, further supporting the case for potential upside.
Historically, periods of positive whale flows have preceded stronger XRP price trends, including the rally between May and July 2025.
This shift adds to the broader accumulation narrative already reflected in rising exchange outflows and steady ETF inflows.
XRP wedge setup hints at 30% rally next
From a technical standpoint, XRP’s structure also supports the bullish case. The XRP/USD pair has spent the past two years trading within a falling wedge, marked by two converging, downward-sloping trend lines. Its recent rebound from the lower support trend line in April increases the likelihood of a move toward the upper boundary.
That target area coincides with the 50-week EMA and the 0.5 Fibonacci retracement level around $1.87–$1.89—roughly 30% above current prices—potentially by June.
On the downside, a clear break below the wedge’s lower trend line would invalidate the bullish outlook, increasing the likelihood of a drop toward the $0.98 level, which aligns with the wedge’s apex and the 0.786 Fibonacci retracement.
