XRP Moves 145.6 Million Tokens Amid $1.30 Support Test

Ripple (XRP) is moving between the $1.30 support and $1.49 resistance levels as 145.6 million XRP was transferred. The amount equates to approximately $266 million (about ₩278.3 billion), though no exchange inflows or sell orders have been confirmed.

As XRP rose from around $1 to $1.42, open interest in the derivatives market decreased. AMBCrypto reported this trend on September 15. Bybit's 30-day open interest change dropped from approximately 61 million XRP at the end of August to -37.5 million XRP early in September, a difference of 98.5 million XRP.

The decrease in open interest coincided with price increases, but it remains unclear whether this reflects long position liquidation or short position unwinding. Open interest refers to the total value of unsettled derivative contracts. Cryptoslate provides XRP open interest metrics based on exchange data from Binance, Bybit, and OKX, noting that figures vary by exchange and contract unit.

XRP traded between $1.30 and $1.49 after rising from about $1 to nearly $1.70 during August. Recent price movements have highlighted the $1.30 support and $1.49 resistance levels as key areas. XRP/USD reached a midday range of $1.3150–$1.4334 on September 11, with a close of $1.3637 on September 13. The relative strength index (RSI) remained neutral at 52.03.

AMBCrypto noted that closing above $1.49 could signal additional buying pressure, while failing to hold the $1.30 support might weaken recovery efforts. This analysis presents potential scenarios based on price conditions but does not confirm XRP's future direction. The nature of the large-scale XRP movement is also unclear.

Whale Alert data showed 145.6 million XRP moved, though wallet identities were unconfirmed. A transfer between wallets alone does not indicate a sell-off; exchange deposits or actual trade confirmations are needed to determine if selling occurred. Social media posts mentioned potential sell liquidations above $1.40 and sell orders around $1.50, but these orders may be canceled or moved, so they do not necessarily reflect real selling pressure.

Previous reports on XRP open interest and leverage concentration also highlighted that open interest figures alone cannot definitively determine market direction. Key points to watch in current XRP movements include whether the price holds $1.30 support, breaks through $1.49 resistance, or if the transferred amount moves into exchanges.