A significant shift in XRP whale behavior is unfolding, with large transactions becoming increasingly distributed across centralized exchanges while activity on Binance declines. According to CryptoQuant, the 7-day moving average of the XRP Whale vs Retail Spread across all centralized exchanges rose sharply from 26% on May 6 to 50.9% on June 29, a gain of 24.9 percentage points. This spread measures the difference in outflow volumes between transfers above 100,000 XRP and those of 100,000 or less, indicating that whale-sized transactions now dominate outflows.
On Binance, the trend reversed. The exchange’s whale-retail spread fell from 62% on June 11 to 44.6% on June 29, a drop of 17.4 points, leaving it 6.3 points below the all-exchange average. The data suggests whale outflows are spreading away from Binance to other platforms.
Meanwhile, demand from XRP-focused exchange-traded funds is rising. The ETFs attracted $144.69 million over seven consecutive weeks of net inflows, reflecting sustained investor appetite. This institutional interest contrasts with XRP’s recent price weakness, as the token slipped from above $1.30 in early June to around $1.05, losing market capitalization rank to BNB and USDC.
Glassnode noted that investors are realizing more losses than profits. Analyst Ali Martinez identified critical support at $1.06, with lower levels at $0.80, $0.62, and $0.51 if it fails. Despite this, some voices remain upbeat: EGRAG CRYPTO sees potential for XRP to reach $5.70 to $8 if historical patterns tied to its “Central Line” repeat.
