XRP Defends Key Support With a Major Barrier Still Overhead
XRP held above $1.05 on August 3 while large transfers dominated exchange outflow activity.
Trading near $1.08, price remained confined below the 100-day SMA at $1.10 and the former rising trendline lost in late July.
XRP Remains Capped Below $1.11
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:
- Immediate support: $1.05
- Resistance zone: $1.1024–$1.11
- Higher horizontal barrier: Approximately $1.15
- Lower support: Near $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.
Large Transfers Dominated Exchange Outflows
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:
- 79.8% of Binance outflow value.
- 70.8% of Coinbase outflow value.
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 Data Does Not Show Where the XRP Went
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.
- Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Moving averages, technical levels and exchange outflow metrics do not guarantee future price performance.
- Methodology: Price levels, moving averages, RSI and trendlines come from the XRP/USD daily Coinbase chart dated August 3, 2026. Exchange activity uses CryptoQuant’s Binance and Coinbase Daily Outflow by Value Share data. The CryptoQuant price series was not used in the technical analysis. Outflow-share figures describe transaction-size composition and do not measure absolute outflow volume, net flows, ownership or final destination.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
