XRP Price Eyes $2.10 as Whale Holdings Rise by 60 Million Tokens

Highlights:

• XRP investors withdrew 13.24 million tokens from exchanges as large holders added 60 million over seven days.
• Binance’s XRP Scarcity Index hit its highest level since 2022, suggesting tighter exchange supply.
• Analyst Ali Martinez says XRP needs to break above $1.60 before a potential rise toward $2.10.

XRP is showing fresh signs of accumulation as large investors increase their holdings and millions of tokens leave cryptocurrency exchanges. Analyst Ali Martinez reported that around 13.24 million XRP moved off exchanges on November 5, while major holders added roughly 60 million XRP over the past week. Separate data from CryptoQuant points to tighter XRP supply on Binance, although a price breakout has yet to take place.

In a November 5 series of posts on X, Martinez shared exchange-flow and whale-wallet figures tracked by Santiment. He also identified $1.60 as a key price level that XRP must clear before a larger upward move becomes more likely.

2/5 Today, XRP exchange outflows spiked.

Around 01:00 UTC, roughly 13.24 million $XRP were withdrawn from exchanges, potentially reducing the supply immediately available to sell. pic.twitter.com/PG3Y33f1Yx

— Ali Charts (@alicharts) November 5, 2026

XRP Exchange Outflows Jump as Whale Holdings Grow

According to Martinez, exchanges recorded withdrawals of about 13.24 million XRP around 01:00 UTC on Thursday. Such transfers can reduce the amount of XRP immediately available for trading, especially when investors move tokens into private wallets. Still, an exchange withdrawal does not automatically mean someone plans to hold the tokens for the long term. Traders can move assets between platforms or return them to exchanges later.

Martinez also reported that some of the largest XRP holders increased their combined balances by approximately 60 million tokens in seven days. These large investors, often called whales, can influence market sentiment because of the size of their positions. He cautioned against assuming that the withdrawn tokens went into those same whale wallets. The two figures track different activity and do not establish a direct connection.

Binance XRP Scarcity Index Hits Highest Level Since 2022

Meanwhile, CryptoQuant contributor Arab Chain reported on November 5 that Binance’s XRP Scarcity Index climbed to around 2.1, its highest reading since 2022. The measure reflects how scarce XRP has become on the exchange relative to earlier periods. The index remained below zero during September and October 2026 before moving sharply into positive territory in recent days. Arab Chain described the increase as one of its strongest shifts in four years.

The analyst noted that the index also fell sharply during parts of 2023 and 2024, before recovering through periods of 2025 and 2026. Its latest reading points to less XRP being available for active trading on Binance.

Lower exchange supply can support prices when buyers remain active. However, scarcity alone cannot determine XRP’s next move. Demand and trading liquidity still play a major role.

XRP Binance Scarcity Index Hits Highest Level Since 2022

“This signals growing scarcity of ripple:native on the exchange and a decline in the amount of supply available for trading compared with previous periods.” – By @ArabxChain

Link ⤵️https://t.co/rAIJfb8RcH pic.twitter.com/HXmfCjviF2

— CryptoQuant.com (@cryptoquant_com) November 5, 2026

XRP Price Faces Key Resistance at $1.60

On the daily chart, Martinez sees a possible inverse head-and-shoulders pattern. Traders watch this formation for signs that selling pressure may be easing after a decline. The pattern is not confirmed.

Martinez is watching for XRP to approach the neckline near $1.60. A clear break above that resistance could bring $2.10 into focus, according to his analysis.

XRP was trading near $1.30, up about 2.11% over 24 hours at the time of writing, according to CoinMarketCap. Bitcoin (BTC) traded around $79,489, gaining 1.68% during the same period.