25.24 million $XRP quietly left exchanges over the weekend, with on-chain data from Santiment highlighting this fact in a tweet.
According to Santiment, 25.24 million $XRP moved off exchanges between May 29 and 30. This piece of information was reflected in a chart posted alongside Santiment’s tweet. The peculiarity of the move is that it occurred immediately after a major $XRP inflow to exchanges, with over 22 million tokens shifted.
📊 Right after the largest $XRP exchange inflow (+22.80M $XRP) of the year happened Thursday, on-chain data indicates even more coins (-25.24M) have moved back off of exchanges since.
🤦 The massive flow of coins moving on to exchanges occurred right at the local bottom for… pic.twitter.com/ntzvOIEhUn
— Santiment Intelligence (@SantimentData) May 30, 2026
Santiment indicated that $XRP saw its largest exchange inflow of the year on Thursday, with 22.80 million $XRP added, but a major coin outflow quickly offset this. It noted that right after the largest $XRP exchange inflow of the year occurred on Thursday, on-chain data indicates that even more coins have moved back off exchanges since.
22.8 million $XRP were moved to exchanges on May 28 in a significant move as traders decided to sell at the bottom.
Santiment noted that the massive flow of coins to exchanges occurred right at the local bottom for $XRP‘s price. This left many retail traders who decided to sell off at the lowest price in 15 weeks wishing they hadn’t. $XRP trading value is up a modest +5% since this capitulation day, Santiment noted.
$XRP reversal imminent?
As reported, on-chain data indicated that the average $XRP trader who has been active in the past 30 days is down about 47%, with many selling at the bottom. This follows as $XRP‘s 30-day MVRV fell to its lowest level since December 2020, with fear and frustration among traders reaching rare extremes.
Before the capitulation by $XRP traders, $XRP‘s crowd sentiment reversed to negative and the ratio of positive to negative commentary fell to just 1.1 bullish comments for every 1 bearish comment.
The positivity in both scenarios is that these signals have usually preceded strong rebounds for $XRP.
If this is the case, traders are watching for an imminent reversal in $XRP price leading to a rebound. At the time of writing, $XRP was down 0.33% in the last 24 hours to $1.33.
Ali, a crypto analyst, stated that he was watching the bottom of the rising channel at $1.34 as a potential buying zone for $XRP. If this holds, $XRP might target $1.37 and $1.40.
