XRP deposits into Binance have plunged to the lowest level in CryptoQuant’s recorded history, signaling a dramatic shift in holder behavior. According to data shared by CryptoQuant analyst Darkfost, the 30-day average monthly inflow now stands at approximately 3.6 million XRP — the weakest reading ever observed.
This sharp decline in tokens moving to the world’s largest exchange coincides with XRP holding above the psychologically important $1 level, even after a prolonged correction that has seen the asset tumble more than 72% from its recent peak of $3.66. Exchange inflows are often interpreted as a precursor to selling, as investors typically transfer coins to trading platforms when they intend to liquidate. The current near-disappearance of such deposits therefore suggests that seller exhaustion is setting in, and few holders are actively looking to offload their positions.
Darkfost noted that historical spikes in inflows aligned with major profit-taking events — during the 2021 rally and again as XRP climbed toward its multi-year high. Now, with exchange activity subdued, the market appears to be transitioning from a distribution phase to a consolidation phase, where ownership gradually shifts from sellers to buyers. However, while fading selling pressure can help establish a stronger support base above $1, the analyst cautioned that reduced selling alone is insufficient to spark a sustained rally. For XRP to build lasting upward momentum, stronger buying demand must emerge, potentially from institutional investors or large holders accumulating while exchange inflows remain suppressed.
