The XRP price appears to have encountered significant upside resistance during the week. Since Wednesday, April 22, the cryptocurrency has tried to close above $1.4540, but has failed to do so, and subsequent moves have not even reached the resistance area.
While the XRP price continues to struggle, recent supply chain analysis suggests there may be momentum building just beneath the surface. Therefore, under the right conditions, growing momentum could be the much-needed fuel to break XRP out of its current impasse.
Whale outflow on Binance increased to 94.4%
In a recent Quicktake post on CryptoQuant, analyst Amr Taha highlighted a growing divergence between the retail outflow of XRP and the outflow of whales on Binance, the world’s largest cryptocurrency exchange by trading volume. The relevant indicator here is the Binance Whale Vs Retail Outflow Dominance Index.
According to the analyst, Binance XRP outflows are currently driven more by larger holders than by retail investors. In his post on CryptoQuant, Taha noted that whale outflow dominance has increased to as much as 94.4%, while on the other hand, retailers only have a 5.5% influence on XRP flow from Binance.
The cryptocurrency expert further noted that when Outflow Dominance metric readings return to levels similar to current readings, it means larger transfer sizes are dominating. Interestingly, one such moment was October 2024, followed by a similar reading in June 2025.
Taha further noted that when this happens, the price of XRP has a good chance of bouncing higher in the near term. An example would be the rise of Whale Outflow Dominance in October, when XRP increased by over 525%; Meanwhile, the 71% bullish move after a similar pattern in June 2025 also supports this thesis.
XRP is displaying a triangle pattern on an hourly basis
Meanwhile, analyst Ali Martinez excellent in a recent post on X that a symmetrical technical structure is developing on the 1-hour XRP chart, which could have a greater impact in the near term. A symmetrical triangle pattern usually signals indecision and consolidation as price gradually makes lower highs and higher lows.
In the chart shared by the analyst, XRP has touched the upper and lower borders of the triangle and appears to be heading towards the next border again. What is unique about this pattern is what follows a clear breakout; an uptrend in the triangle may signal a bullish change, while a breakdown may signal bearish intent.
According to Martinez, the current triangle pattern could precede a 10% move in the event of a breakout. Therefore, market participants should proceed with caution or only after clearly confirming the direction.
At the time of writing, XRP is trading at $1.44, with CoinGecko data reflecting an enhance of 0.7% over the past day.
Featured image from iStock, chart from TradingView
