One trader noted the sudden slowdown in large XRP transfers to Binance, signaling a marked shift in whale behavior. Data from CryptoQuant reveals a 95% plunge in whale inflows to Binance, reaching the lowest levels since early 2025. This decline coincides with XRP reclaiming the $1.13 price mark, suggesting stronger confidence among major holders.
The figures show whale deposits to Binance tumbling from 583 million XRP, approximately $1.36 billion, down to just 25.3 million XRP, or about $23 million. Similarly, the 90-day average of whale inflows has contracted sharply from near $460 million in January to roughly $69 million currently. Such data indicates a significant reduction in the volume of large XRP holders moving tokens onto the exchange for sale.
This diminished supply pressure appears to be supporting the recent price rebound. Fewer large holders are offloading their positions on Binance, shrinking the available XRP supply on the platform. Market participants interpret this trend as an emerging bullish signal, potentially setting the stage for further price advances.
While XRP's latest price action has restored it above the $1.13 threshold, the underlying on-chain metrics reflect cautious optimism. The sharp drop in whale inflows to Binance echoes a broader narrative of renewed demand and a possible breakout. For context, similar shifts in whale behavior have previously foreshadowed key turning points in altcoin markets.
