XRP is being pulled in two different directions, with one set of signals pointing to distribution and another indicating significant accumulation. Both trends are unfolding at the same time, creating uncertainty around the token’s next move.

CryptoQuant-linked analyst Darkfost reported that 231 million XRP was withdrawn from Binance in a single day this week. The transfer was worth around $330 million to $335 million when it occurred, marking the largest single-day withdrawal in roughly six months. At the same time, whale wallets have deposited nearly 1.45 billion XRP into Binance over the past 30 days.

Those large exchange deposits could provide additional selling supply, although some of the tokens may later be moved back into private wallets. Meanwhile, seven U.S. spot XRP ETFs have attracted about $1.55 billion in cumulative inflows, with August’s inflows already roughly double those recorded in July.

XRP’s pullback also does not appear to be driven by broad weakness across crypto. Solana has risen more than 20% this week, while Bitcoin continues to trade higher.

Can XRP Price Reach $1.70 This Week?

XRP is currently moving between roughly $1.40 and $1.45 intraday as the market absorbs last week’s 50% surge and the subsequent correction toward $1.40. The $1.40 level represents immediate support, while the $1.33-$1.36 region provides a deeper support zone based on Fibonacci retracement levels.

The first major resistance area lies between $1.50 and $1.55, where XRP has previously faced rejection. A further hurdle sits near $1.65, around the prior weekly closing price. Meanwhile, an RSI(14) reading near 25 suggests oversold conditions, although the overall technical picture continues to show bearish pressure.

If ETF inflows remain strong and provide enough demand to absorb whale-related supply, XRP could reclaim $1.50 and potentially retest $1.65. The token could also continue consolidating between $1.40 and $1.50 while traders wait for new ETF flow figures.

A decisive break below $1.40 could invalidate the current setup and expose XRP to the $1.33 area. The downside risk would become greater if concerns about escrow releases return while whale deposits continue.

For now, traders are looking for additional confirmation. Daily ETF flow numbers and exchange-balance changes could help determine whether accumulation or distribution is becoming the dominant trend.

XRP’s 4.53% rebound from its recent low is constructive, but its market capitalization has already moved above $80 billion. At that size, a 10x increase would require an enormous amount of additional capital, making such a move substantially harder to achieve.

This has pushed some traders toward earlier-stage projects with potentially different growth prospects. LiquidChain ($LIQUID), a Layer 3 infrastructure project designed to connect liquidity across Bitcoin, Ethereum and Solana, is among the projects attracting market attention.

The project is built around a Unified Liquidity Layer that promotes single-step execution and verifiable settlement. Its Deploy-Once Architecture aims to allow developers to build once and reach liquidity across all three ecosystems without creating separate deployments for each blockchain.