Binance Sees XRP Whale Activity Surge to 7-Month High
Key Summary
Large XRP holders are transferring more coins to Binance, reaching a 7-month high, but the price is sliding due to increased whale inflows and selling pressure. Total transactions are steady, but payments have fallen, indicating trading activity rather than growing use. A rise in XRP above $1.38 is needed for buyers to take control, but the trend favors sellers for now.
XRP Whale Activity on Binance Reaches 7-Month High
XRP trades near $1.30 after falling below the 100-day moving average. CryptoQuant data shows the 30-day sum of whale deposits to Binance is now near 1.6 billion XRP.
The Largest Single Day of Whale Inflows
In late July, deposits dropped to approximately 400 million, so the total has roughly quadrupled in under three months. The largest single day came in mid-August, when deposits spiked just as XRP jumped toward $1.70.
Increased Whale Inflows and Selling Pressure
As one analyst put it: