Whale withdrawals of XRP(XRP) from Binance have slumped to a four-year low near 978 million tokens, yet the price still slid toward $1.15. Key Points: Whale transfers to Binance have dropped
Whale withdrawals of XRP(XRP) from Binance have slumped to a four-year low near 978 million tokens, yet the price still slid toward $1.15.
Key Points:
- Whale transfers to Binance have dropped to roughly 978 million XRP over 30 days, the lowest since 2021.
- XRP fell to about $1.15 as more than $25 million in long positions were liquidated.
- Bitcoin sliding below $63,000 and Middle East tensions deepened the broader sell-off.
Market analyst Pumpius flagged the slowdown in an X post, noting that XRP transfers onto Binance have fallen close to zero in recent sessions. The 30-day average of whale movements has dropped to roughly 978 million tokens, the lowest reading since 2021. Thinner exchange supply usually eases sell pressure.
Balances have been shrinking across major platforms through the first half of 2026. The pattern often signals that coins are moving into private wallets rather than toward sale.
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Pumpius said the pattern echoes early 2025, when a similar drought in outflows preceded a powerful rally that lifted the token several fold. Others are less convinced, and some argue large holders have simply stopped accumulating, which hints at thin conviction.
Pulling coins off an exchange does not force a rebound.
The token traded near $1.15 on Jun. 3, down about 5% on the day after touching $1.14, while derivatives desks saw more than $25 million in long bets wiped out. Bitcoin(BTC)slipping below $63,000 and renewed Middle East tensions dragged the wider market lower. Across crypto, more than $1.12 billion in leveraged positions were erased in a single deleveraging wave.
Momentum gauges underline the strain, with XRP's RSIholding near 27, well inside oversold territory. The price sits below its main moving averages, leaving a long path back to resistance. Sentiment across the wider market has tipped into extreme fear, with spot Bitcoin funds shedding billions over a multi-week outflow streak.
The slide caps a rough stretch for XRP, which has fallen sharply from its $3.65 peak last summer. Repeated rejections between $1.50 and $1.60 through May gave way to this week's break under $1.20. The zone near $1.14 now lines up with February's lows, a level traders have leaned on before.
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