XRP has experienced a notable surge in whale inflows to Binance, reaching a seven-month high, according to data from CryptoQuant. The 30-day sum of whale deposits to Binance now stands near 1.6 billion XRP, a level close to that observed in early April. This marks a substantial increase from late July, when the total had dropped to approximately 400 million XRP, meaning the figure has roughly quadrupled in under three months.
The largest single-day spike in deposits occurred in mid-August, coinciding with XRP's move toward $1.70. However, the current picture is less bullish. XRP now trades near $1.30 after falling below both the 100-day and 200-day moving averages. The 200-day moving average sits near $1.38. XRP peaked near $1.66 in late September before losing approximately 20% of its value.
The concern stems from the fact that coins deposited on exchanges can be sold quickly. As one analyst noted, "Increased whale inflows to centralized exchanges can increase the amount of XRP available for trading, potentially raising the risk of selling pressure." While an inflow does not guarantee a sale, it does make one easier to execute. The price chart supports this view, with fading volume and an RSI around 35, indicating weak momentum without yet reaching oversold territory.
On-chain metrics paint a mixed picture. Total transactions remain steady at approximately 2.4 million per day, and active accounts rose by 10%. However, payments fell by 38%, and payment volume dropped by 52%. This suggests that while more wallets are active, less real value is moving through payments — pointing to increased trading activity rather than growing utility for transactions.
The next support level for XRP is near $1.28, which the current candle has already touched. Below that, the $1.00 to $1.05 area represents the next major floor. For buyers to regain control, XRP would need to climb back above $1.38, reclaiming both the 100-day and 200-day moving averages. Until then, the trend favors sellers.
