XRP has entered the final stretch of April with one of her most powerful channels accumulation signals of the year. Data from Santiment shows that 34.94 million XRP left exchanges in a single 24-hour period on April 24, making it the sixth largest exchange exit day recorded so far in 2026.
The move comes as XRP trades around $1.43, having reclaimed the $1.30 levels that defined much of early April.
Millions of XRP Leave Exchanges in Major On-Chain Signal
Exchange outflows measure the volume of tokens withdrawn from trading platforms to private wallets, and it’s an upward movement which shows the intention of the holder to accumulate his tokens.
According to to the data of On-chain analytics platform Santiment, XRP investors recently experienced one of their highest 24-hour accumulations from crypto exchanges so far this year. Notably, Santiment data shows that the latest peak in XRP outflows reached 34.94 million tokens in one day. These 34.94 million XRP tokens from exchanges rank sixth among such events in 2026 alone.
Santiment’s XRP exchange outflow chart shows that each of the largest outflow spikes this year, which occurred in early January, late January, early February, late February, and late March, were subsequently accompanied by bullish price action. In each case, the reduction in the supply held in exchange gave way to a rise in prices within a few days.
XRP exchange exits. Source: @santimentfeed On
XRP Enters Wave 3 Extension Setup
While on-chain data indicates accumulation, technical analysis of Crypto analyst EGRAG CRYPTO presented a macro-level Elliott Wave framework on the monthly chart that could guide XRP’s price trajectory through 2026 and into 2027.
The guide is based on the monthly 50 EMA, which XRP is currently holding as support. According to EGRAG, the price fell as low as 100 EMA on the monthly period of the previous market cycle before recovering. However, this cycle is unlikely to repeat itself at this level.
As it stands, the 50 EMA is the main accumulation zone, while any wick towards the 100 EMA would represent what the analyst describes as a rare and unique entry opportunity. The 100 EMA is currently hovering around the $0.96 price level.
The analyst’s most important argument is that XRP could move from the correction of wave 2 to the expansion of wave 3. Wave 1 was XRP’s first breakout to new all-time highs in 2025, wave 2 is the correction that the price is currently completing, and wave 3 is the expansion phase that is about to start.
XRP Price Chart. Source: @egragcrypto on X
In Elliott Wave analysis, wave 3 is often treated as the strongest part of a trend. The monthly chart maps wave 3 targets using the 1.618 Fibonacci extension from wave 1, with projected scope between $15 and $31 if price action plays out this way.
Featured image from Unsplash, chart from TradingView
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