XRP whale inflows to Binance have climbed to 1.669 billion $XRP over 30 days, according to CryptoQuant analyst Arab Chain. The reading is the highest in seven months and exceeds September's p
XRP whale inflows to Binance have climbed to 1.669 billion $XRP over 30 days, according to CryptoQuant analyst Arab Chain. The reading is the highest in seven months and exceeds September's peak of around 1.65 billion XRP.
The metric tracks cumulative transfers of XRP from large wallets to Binance over a rolling 30-day window. It is not a single-day figure. After reaching roughly 1.65 billion XRP in September, the total fell back before rebounding above that level in recent days, according to CryptoQuant data.
At a price of about $1.33 per token, the latest reading is worth roughly $2.22 billion. The inflows come as XRP trades near $1.30, a level it fell to during a broader crypto sell-off after US CPI data.
CryptoQuant has said that increased whale inflows to centralized exchanges can raise the amount of XRP available for trading, which can raise the risk of selling pressure.
Large transfers to an exchange make it easier to sell, but they do not show that a sale is planned. Arab Chain has cautioned that the inflows may reflect trading activity or reallocation between wallets rather than imminent selling. The analyst suggests reading net exchange flows, trading volume and price action together before drawing conclusions.
Other data points complicate the picture. A separate CryptoQuant reading showed 30-day XRP whale outflows from Binance also reached about 1.38 billion XRP, a seven-month high. That suggests gross inflows alone are not a one-way signal.
Institutional demand has also stayed positive. Based on SoSoValue data, US spot XRP exchange-traded funds have recorded net inflows for 13 consecutive weeks, with cumulative inflows of about $1.80 billion. Weekly inflows have slowed since late September, however.
For traders, the key question is whether the deposits are followed by sales on Binance or whether the tokens stay on the exchange. The next few weeks of net flow and volume data should give a clearer answer.
Bitcoin.com News: XRP Whales Move 1.67 Billion Tokens to Binance
FXStreet: What could intensify XRP's downside risks?
The Crypto Basic: XRP Inflows to Binance Reach 1,669,000,000 XRP
