Ripple (XRP) Price Analysis: Major Investors Move 7 Billion Tokens From Trading Platforms - Blockonomi

by · Blockonomi

Key Highlights

Table of Contents

Toggle

  • Major investors and institutional players have extracted 7 billion XRP tokens from centralized exchanges beginning in February 2025, reducing tradable inventory by 16%.
  • Significant wallet holders accumulated approximately 11 million XRP daily during the first weeks of April.
  • Address count for holders with 1,000 to 100,000 XRP tokens reached a new peak of 1.1 million wallets.
  • The digital asset maintains trading levels above $1.430, facing immediate resistance at $1.4450 with potential movement toward $1.50.
  • The upcoming XRP Las Vegas gathering (April 30–May 1) features prominent industry figures including Brad Garlinghouse, Ripple’s Chief Executive Officer.

The quantity of XRP tokens accessible on digital currency trading platforms has experienced a significant contraction throughout the previous 14 months, propelled by consistent extraction activity from major stakeholders. Blockchain analytics reveal that tradable inventory distributed across 41 exchanges has contracted by over 3 billion tokens starting February 24, 2025, resulting in approximately 16 billion XRP remaining on platforms as of April 23.

This figure signifies a 16% reduction in platform-held reserves. Within just the past 24-hour period, market participants extracted roughly 3.33 million XRP tokens — valued at approximately $4.69 million — from trading venues.

Evernorth Holdings, a research entity supported by Ripple, emphasized this pattern in an April 23 statement on X. The organization indicated that 7 billion XRP had been removed from exchanges as major holder movements shifted to positive territory, suggesting an expanding cohort of long-term investors and diminishing sell-side pressure.

“When market participants intend to liquidate holdings, they typically transfer coins to a trading platform. When their intention is long-term retention, they generally move them to private storage,” Evernorth explained in the statement.

Analytical data from Evernorth revealed that substantial holders incorporated approximately 11 million XRP tokens daily on average throughout early April. The total number of addresses containing between 1,000 and 100,000 XRP climbed to 1.1 million — establishing a new record — based on Santiment analytics referenced by the organization.

The largest concentration of exchange inventory resides at South Korean platform Upbit, which maintains approximately 6.47 billion XRP. Binance, Bithumb, and Uphold collectively store roughly 2.54 billion, 1.82 billion, and 1.64 billion tokens respectively.

Token Availability Tightens Before Major Industry Gathering

The inventory transformation emerges as Ripple organizes XRP Las Vegas, promoted as the planet’s most significant XRP-focused conference. The gathering is set for April 30 through May 1 in Las Vegas, Nevada.

Brad Garlinghouse, Ripple’s Chief Executive Officer, along with Senior Vice President Jack McDonald and former Chief Technology Officer David Schwartz, are confirmed presenters. Bitwise’s Chief Executive Matt Hougan and Franklin Templeton’s Lexi Gunter will also participate. XRPL validator Vet indicated the conference provides developers opportunities to present initiatives and obtain capital.

Evernorth Holdings is simultaneously advancing toward a Nasdaq exchange listing via a proposed combination with Armada Acquisition Corp II. The organization appointed Stuart Alderoty, Ripple’s Chief Legal Officer, as a board member during this transition.

Market Performance: XRP Maintains Support Above $1.430

XRP currently trades above the $1.430 threshold and the 100-hour Simple Moving Average, following a rebound from lows approaching $1.410. The token surpassed the 50% Fibonacci retracement marker of the recent decline spanning $1.4625 to $1.410.

XRP Price

Selling pressure has materialized around the $1.4450 resistance area. A definitive breakthrough above this barrier could establish pathways to $1.4620, followed by potential targets at $1.480 and $1.50. An ascending channel pattern with foundational support at $1.430 is developing on the 60-minute timeframe.

Regarding downside scenarios, a breakdown beneath $1.420 might direct price movement toward $1.40, with additional support zones situated near $1.3750 and $1.3550.

As of April 23, the daily XRP withdrawal volume from exchanges registered approximately 3.33 million tokens, while the base of long-term holders continues its expansion trajectory.

Advertise Here