35 million $XRP leaving exchanges in a single day is a notable signal — historically, large exchange outflows suggest holders are moving assets into cold storage rather than preparing to sell, which tightens available supply and can build upward price pressure.
The broader setup looks constructive. $XRP has already gained around 30% over the past three months, and the current environment is seeing institutional interest through ETF inflows alongside visible whale accumulation. When retail, institutions, and large holders are all leaning the same direction, it tends to reinforce the trend.
The $1.87–$1.89 target by June is realistic if momentum holds, but the key risk is clear — key support levels need to stay intact. One significant breakdown could quickly unwind the bullish narrative.
Bottom line: the on-chain behavior and money flow are both telling a bullish story right now, but as always, the support level is the line in the sand worth watching closely.