XRP whale inflows to Binance have surged to a six-month high, with on-chain data showing large wallets shifting nearly 1.6 billion tokens onto the exchange over the past 30 days. According to
XRP whale inflows to Binance have surged to a six-month high, with on-chain data showing large wallets shifting nearly 1.6 billion tokens onto the exchange over the past 30 days.
According to CryptoQuant data shared on X, cumulative XRP inflows to Binance over the trailing month have climbed to roughly 1.6 billion tokens, the highest level recorded since March.
The figures, shared by analyst ArabxChain on X, mark a sharp turnaround after inflows steadily declined through spring and bottomed out in May, June and July.
A gradual recovery began in August, followed by a pronounced spike in recent weeks that has pushed deposits back near their yearly peak.
Related: Ripple veteran says XRP could flip Bitcoin, but the math says otherwise
Rising whale deposits typically signal that more tokens are moving into a liquid trading environment, which can lift available market supply in the short term.
Still, large transfers to exchanges don't automatically point to selling pressure, wallets may be repositioning for trading, managing liquidity, or simply reallocating holdings rather than preparing to offload XRP.
Analysts are watching a potential triangle pattern forming on the daily chart.
Earlier, crypto analyst Ali Charts noted XRP appears to be breaking out of a pattern he had been tracking for days.
He pointed to a sustained close above $1.38 as the level that would confirm the move, with $1.60 emerging as the next upside target if that resistance gives way.
The inflow surge comes as XRPL developers rolled out version 3.4.0 of xrpld, the network's reference server software. It introduced new amendments and bug fixes alongside the protocol's continued development.
