XRP traded near $1.42 after a sharp market selloff pushed the token below the $1.50 region. The decline came as Paxos expanded institutional access to the asset and CryptoQuant data showed elevated large-wallet withdrawals from Binance. XRP remains inside a broader technical structure that places $1.51 as an important recovery level, and a sustained breakout above that area could put the September high near $1.65 back in focus.

Paxos Adds XRP Trading and Custody

Paxos has added XRP to its Crypto Brokerage platform, allowing financial institutions that use its services to trade and custody the token, with support for deposits and withdrawals as well. The company provides the infrastructure that partners can use to offer digital asset services to their own customers, and XRP now joins a broader group of assets supported on the platform. Paxos announced the addition in a post on X.

The company started 2026 with 12 assets on its brokerage platform, and its supported asset list has since expanded to between 25 and 29 tokens. Paxos has focused on assets with established market demand as it grows the offering.

Paxos operates as a national trust bank under the supervision of the Office of the Comptroller of the Currency. That regulatory structure provides institutions with a framework for accessing digital assets without building their own trading and custody infrastructure. For banks, payment firms and other regulated entities, oversight and custody arrangements are often among the deciding factors when adding digital asset exposure, which is why regulated custody infrastructure plays a central role in institutional access to the asset class. The addition also gives Paxos partners another way to provide XRP exposure through the same platform they use for other supported assets.

Whale Withdrawals From Binance Rise

XRP price has declined 2.3% as the wider cryptocurrency market faces selling pressure from increased long liquidations. The drop has occurred while large XRP holders continue moving coins away from Binance.

CryptoQuant data shows that the 30-day total of XRP outflows from Binance has reached 1.38 billion XRP. Analyst Arab Chain identified the figure as the highest whale outflow level from the exchange in seven months.

Large withdrawals can reduce the amount of XRP immediately available on an exchange for trading, one reason exchange flow metrics are among the most closely watched on-chain indicators. However, the data alone does not establish whether the holders intend to keep the tokens for the long term or move them to another trading venue, so analysts generally read such flows alongside price action and follow-up data before drawing conclusions.

Exchange activity also shows increased participation from large holders. Earlier data showed that addresses withdrawing more than 1 million XRP accounted for 60.8% of whale withdrawals from Binance and 48.7% from Coinbase in late September.

Falling Wedge Keeps $1.65 in Focus

XRP price is consolidating inside a falling wedge pattern on the four-hour chart. The current structure places resistance near $1.51, while support sits around $1.43.

A confirmed move above $1.51 could open a path toward the September high near $1.65. XRP would need sustained buying pressure to push through the resistance level and maintain the upward move toward that target. On the downside, a break below $1.43 could expose the altcoin to further losses below $1.40, meaning the price would need to hold the current support area while buyers attempt to reclaim $1.51.

Meanwhile, demand for XRP exchange-traded funds has remained firm. XRP ETFs recorded inflows on October 6 alongside Bitcoin and Hyperliquid, according to SoSoValue data. The ETF activity provides another source of market demand while XRP trades below recent highs.

Paxos' addition of XRP to its institutional brokerage platform comes as the token navigates these market conditions, with soft prices, elevated exchange outflows and steady ETF demand shaping the near-term picture. Going forward, the observable markers include whether XRP holds its $1.43 support area, whether ETF inflows persist, and whether whale withdrawals from Binance continue at their recent pace.

This article is for informational purposes only and does not constitute financial or investment advice. Exchange flows, ETF activity and technical levels may change as market conditions evolve.

Source: The Market Periodical