Trading near $1.08, price remained confined below the 100-day SMA at $1.10 and the former rising trendline lost in late July.
The first resistance sits at the declining 100-day SMA near $1.10. The broken rising trendline crosses slightly higher around $1.11, creating a compact resistance area rather than two isolated levels.
A daily close above that zone would bring the horizontal barrier near $1.15 back into view. The 200-day SMA remains considerably higher at approximately $1.21 and is not an immediate test while XRP trades below $1.11.
Support remains near $1.05. A daily close beneath it would expose the wider floor around $1:
Daily RSI stood near 47, close to its signal line and below the neutral 50 level. Momentum remains weak, which fits the lack of a sustained move away from the current range.
CryptoQuant’s transaction-size data shows that high-value transfers accounted for most of the daily XRP outflow value on both Binance and Coinbase, although different groups led each platform.
On Binance, transfers above one million XRP represented 55.3% of daily outflow value. On Coinbase, the same category accounted for only 15%, while transfers between 100,000 and one million XRP made up 55.8%.
Combined, transfers above 100,000 XRP represented:
Binance activity was concentrated in the largest transaction group, while Coinbase was led by the tier immediately below it. The difference suggests that the mix of large transactions varied between the two exchanges rather than reflecting one uniform pattern across the market.
The CryptoQuant figures show which transaction sizes accounted for the largest share of daily XRP outflow value, but they do not reveal whether total exchange balances actually fell. They also cannot identify the owners, destinations or purpose of the transfers.
Large withdrawals could reflect investors moving XRP into self-custody, institutions shifting assets between custodians or exchanges reorganizing internal wallets. Only the first case would clearly reduce immediately available supply and potentially ease short-term selling pressure.
If similar large-holder withdrawals continue alongside falling exchange balances, the effect could become more meaningful over time by tightening the amount of XRP available for sale. That would give price stronger support during future demand increases, but the current data alone is not enough to confirm such a trend.
For now, the figures show active large transactions rather than proven accumulation. XRP is still holding above $1.05, but buyers need to clear the $1.10–$1.11 resistance area before the short-term structure improves.
The post XRP Defends Key Support With a Major Barrier Still Overhead appeared first on Coindoo.
