According to a recent analysis by CryptoQuant, XRP whale inflows are soaring. Data shows a significant rise in XRP transfers by large holders to Binance. Cumulative inflows over the last 30 d
According to a recent analysis by CryptoQuant, XRP whale inflows are soaring. Data shows a significant rise in XRP transfers by large holders to Binance.
Cumulative inflows over the last 30 days have reached 1.669 billion XRP, the highest level in seven months. This follows recent volatility and suggests increased activity as major holders move XRP onto the exchange.
The figure stood at roughly 1.65 billion XRP in September before easing. In the past few days, it has climbed back to 1.669 billion XRP, exceeding the September mark. The rebound underscores a fresh pickup in whale inflows worth watching closely.
The analyst further highlighted the significance of the data, noting that while large holders move more XRP on to centralized exchanges, it can expand the supply available for trading and heighten the chance of downward price pressure if those holders opt to sell some of their coins.
However, treating higher inflows as proof that sales are about to happen is a losing game. The movements might simply involve shifting assets between different wallets or accessing additional features and services offered by Binance.
As the analyst wrote:
“These data are significant because increased whale inflows to centralized exchanges can increase the amount of XRP available for trading, potentially raising the risk of selling pressure if large holders decide to sell part of their holdings. However, rising inflows do not necessarily indicate imminent selling, as transfers may also result from asset reallocations between wallets or the use of other trading services on Binance.”
While the recent rebound in this metric points to ongoing activity among large holders, it alone cannot forecast XRP’s next price move. Market observers note that tracking inflow trends alongside net flows, trading volumes, and price action remains essential to determine whether the increase will result in genuine selling pressure or simply mark higher volumes of XRP moving onto Binance.
