TLDR:Binance recorded 465M XRP in large outflows between June 3 and June 11, 2026.Withdrawals exceeding 1M XRP have grown more frequent since early June this year.XRP entered a key support zone near $0.70-$0.90 after dropping to $1.04 in June.Weekly resistance near $1.45-$1.78 must be reclaimed for a bullish reversal signal.XRP is under fresh selling pressure near $1.14, yet on-chain data points to a contrasting trend. Large holders have been pulling significant amounts off Binance throughout June. The pattern raises questions about liquidity, accumulation, and where XRP heads next.Binance Withdrawals Signal Shifting Market StructureExchange data shows a notable rise in large XRP withdrawals from Binance since early June. Transactions exceeding 1 million XRP each have become more frequent during this period. Between June 3 and June 11, Binance recorded roughly 465 million XRP in large outflows. This volume reflects sustained activity rather than a single isolated event.Source: CryptoquantThe repetition across multiple days makes this withdrawal trend worth tracking closely. Whale-sized transactions are again playing a visible role in XRP’s broader market behavior. Such movements often draw attention from traders watching exchange reserve levels. Consistent outflows can signal changing strategies among larger XRP holders.Large withdrawals do not automatically confirm accumulation by themselves. However, they can reduce the XRP supply sitting on exchange order books. Lower exchange liquidity sometimes creates contrast with short-term price weakness. When holders move coins away from trading venues, available sell-side supply may shrink.Whether this outflow trend continues remains an open question for now. Reduced exchange liquidity could potentially support XRP stabilization following its recent decline. Market participants will likely watch upcoming daily outflow figures for confirmation. The coming days may clarify whether this pattern persists or fades.Technical Outlook Points to Key Support ZoneBeyond exchange flows, technical analysis offers additional context for XRP’s current position. According to analyst ChartNerd, XRP spent much of 2023 through late 2024 below resistance near $0.70 to $0.80. That zone acted as a ceiling until a breakout occurred in the fourth quarter of 2024. The breakout eventually led toward XRP’s all-time high in July 2025.Take 2 minutes of your time to read this thread 1) $XRP spent most of 2023 through late 2024 capped beneath the $0.80/0.70 resistance zone. That level acted as a major ceiling until price finally began breaking out in Q4 2024 which opened the move towards the current July… pic.twitter.com/oaJK5HF19X— ChartNerd (@ChartNerdTA) June 12, 2026Momentum faded after that peak, with key moving averages giving way. A weekly EMA death cross confirmed a broader trend shift afterward. This shift opened a path from January 2026’s $2.40 high down toward February’s $1.12 low. Since February, XRP has traded sideways with occasional relief rallies.Price faced rejection near the 20-week EMA around $1.55 recently. That rejection contributed to the current decline toward June’s $1.04 low. XRP has now entered a region ChartNerd describes as an area of interest. This zone spans roughly $0.70 to $0.90 and may offer macro support.The analyst noted this area could become a flipped support level. Prior resistance from 2023 and 2024 may now function as support. Confirmation of a bottom has not yet occurred, according to the analysis. Weekly resistance levels near $1.45 to $1.78 remain key markers for any reversal. Until reclaimed, the broader trend favors caution over confirmed bullish signals.The post XRP Whales Pull 465M From Binance as Price Tests Key Support appeared first on Blockonomi.