XRP Faces Year-Long Resistance Test as $31M Flows Out of Exchanges in 72 Hours

According to market analyst Josiah Gallegos and CoinCodex data, XRP is testing a major breakout setup after over 12 months of consolidation beneath a key descending trendline. XRP is currently trading at $1.18, sitting just above the critical support zone of $1.05 to $1.10. A successful breakout above the long-term resistance with strong volume could signal a major shift in market structure and trigger renewed bullish momentum. Conversely, a drop below $1.10 support could increase downside risks.

Market commentator Diana noted that more than $31 million worth of XRP left exchanges within a 72-hour period, highlighting growing movement away from trading platforms. Large exchange outflows can suggest investors are transferring assets into private wallets, potentially reducing immediate selling pressure and supporting price recovery potential.