TLDR
- Whale transfers to and from Binance have dropped sharply across all major value bands.
- Binance inflows fell to about 3.6 million XRP a month, the lowest level on record.
- XRP has fallen more than 72% from its $3.66 peak but is holding above $1.04.
- Retail transfers between 1K and 10K XRP remain active but can’t replace whale-sized volume.
- A move above $1.12 is seen as the next test for a stronger recovery.
XRP is sitting in a quiet spot right now. Large holders, often called whales, have slowed down their movements on Binance. This has left the price stuck in a narrow range.
Data from CryptoQuant shows that transaction counts dropped across every major size group. The 100K to 1 million XRP group and the over 1 million XRP group saw the biggest drops in both deposits and withdrawals.
Fewer large deposits onto Binance usually means less pressure to sell. That has helped keep the price from falling further.
But withdrawals from Binance have also dropped. This matters because withdrawals often signal that investors are moving coins into private wallets to hold for later.
When both deposits and withdrawals fall together, it suggests whales are staying on the sidelines. They are not clearly buying or selling in large size.
Seller Pressure Has Eased
Binance inflows tell a similar story. Average monthly inflows have dropped to around 3.6 million XRP. That is the lowest level recorded so far.
Fewer coins moving onto the exchange usually means less selling pressure overall. This does not mean buyers are stepping in, though. It mainly reflects sellers slowing down.
XRP has still fallen over 72% from its $3.66 peak. Holding above the $1 mark is being treated as a small win given that drop.
Retail activity has kept moving during this stretch. Transfers in the 1K to 10K XRP range have stayed steady.
That size of activity rarely moves the market on its own. It has not been enough to replace the volume that whales normally bring.
Price Levels Traders Are Watching
On the chart, XRP swept liquidity near $1.16 before dropping. It found support around $1.04 after that move.
Buyers stepped in at that zone. The price then formed a higher low above $1.05 and moved back toward $1.07.
That bounce lines up with the drop in Binance inflows seen in the on-chain data. Fewer sellers on the exchange matched with buyers defending the support zone.
The next test is $1.12. A move above that level could open the path back toward $1.16.
A rejection at $1.12 could send the price back down toward the $1.04 support zone. That level has already been tested once this month.
For now, XRP remains range-bound. Traders are watching whether whale activity picks back up or whether retail flows continue to dominate trading.
