TLDR

  • More than 31 million XRP—valued at roughly $45 million—entered Binance within a 24-hour window
  • Wallets holding over 100,000 XRP made up the majority of the inflow
  • Binance saw approximately 200 million XRP withdrawn over the past 10 days
  • XRP dropped from $3.65 to near $1.38, representing a 60% pullback

Over 31 million XRP moved into Binance in a single day, capturing the attention of market participants. This large transfer was primarily driven by whale wallets and coincided with a recent price decline.

CryptoQuant data revealed that more than 31 million XRP were transferred to Binance within 24 hours. Based on current market prices, the total value of the inflow was around $45 million.

Whale Wallets Lead XRP Transfers

The inflow was mostly concentrated among large holders. Wallets with 100,000 to 1 million XRP transferred 14,236,825 XRP.

Addresses holding over 1 million XRP moved 14,494,865 XRP during the same period. These two groups accounted for nearly the entire daily inflow. Smaller wallets contributed less to the total volume—transfers under 1,000 XRP reached 6,543 XRP.XRP

Wallets holding between 1,000 and 10,000 XRP transferred 73,630 XRP. Those with 10,000 to 100,000 XRP sent 2,938,809 XRP.

Binance remains a preferred platform for large transactions due to its deep liquidity. Large holders often use the exchange when repositioning their assets.

Exchange Supply Ratio and Recent Outflows

While the one-day inflow drew focus, recent data also showed steady withdrawals. Over the past 10 days, about 200 million XRP left Binance.

During the same period, the exchange supply ratio fell from 0.027 to 0.025. This metric tracks the share of circulating XRP held on exchanges.

Crypto analyst Diana, known as [name omitted], shared a chart outlining the trend. She noted that when XRP leaves exchanges, it usually moves to cold storage or custodial wallets.

Tokens held off exchanges are not immediately available for trading. This shift reduces the supply present on active order books.

Lower exchange balances can impact short-term liquidity. However, daily inflows and outflows may vary based on market activity.

XRP Price Movement and Technical Levels

XRP recently failed to hold above the $1.3880 level, extending its losses. The price dropped below $1.3750 and $1.3650.

The decline continued below $1.3450, forming a low at $1.3275. The asset now trades below $1.350 and the 100-hour Simple Moving Average.

The price remains under the 23.6% Fibonacci retracement level, calculated from the $1.4244 swing high to the $1.3275 low.

If a recovery occurs, resistance may appear near $1.3650. The next key resistance stands near $1.3750 and aligns with the 50% Fibonacci level.

A move above $1.40 could open the path toward $1.4250. A bearish trend line is also forming near $1.4250 on the hourly chart.

Wider Pullback and Demand Zone

Price data shows XRP fell from a high near $3.65 to around $1.38, marking a 60% pullback from its July peak.

Over one week, realized losses reached approximately $1.90 billion—similar levels were seen during prior capitulation phases.

Reports indicate that XRP is approaching a higher-timeframe demand area, which ranges between $0.65 and $0.85.

This same area acted as resistance before the late 2024 rally. In earlier cycles, it served as a multi-year accumulation range.

Market participants continue to monitor exchange flows and price levels. Large transfers and technical zones remain in focus as trading activity evolves.