XRP Market Structure Improves as Whale Deposits Sink to Cycle Lows
XRP exchange inflows on Binance have fallen sharply from their 2024-2025 highs, suggesting large holders are becoming less aggressive sellers despite continued weakness across the broader cryptocurrency market.
Summary:
- Binance inflows from wallets holding more than 1 million XRP have declined significantly since their 2025 peak.
- On-chain data shows no evidence of panic selling or large-scale distribution by whales.
- XRP remains below major moving averages, but improving inflow trends may reduce future sell-side pressure.
While market volatility often prompts retail investors to move assets to exchanges for liquidity, the behavior of ‘Whale’ wallets (those holding >1 million XRP) acts as a primary leading indicator for long-term price floors. By analyzing the delta between price corrections and exchange inflow volume, we can differentiate between systemic panic – which often forces a capitulation bottom – and healthy consolidation.
This analysis focuses on the decoupling of XRP’s price action from its exchange inflow metrics, a signal that suggests the current market structure may be more resilient than the raw price charts initially imply.
New data tracking XRP deposits to Binance indicates that transfers from large holders have moderated considerably over the past year. Historically, spikes in exchange inflows from whale wallets often preceded periods of elevated volatility and profit-taking. The latest readings point to a different dynamic.
Whale Activity Signals Reduced Distribution
The CryptoQuant Exchange Inflow Value Bands metric shows that transfers exceeding 1 million XRP accounted for the majority of exchange deposits during several phases of the 2021-2025 cycle.
Those inflows accelerated during major rallies and periods of heightened speculation, reflecting increased activity from institutional participants, funds, and high-net-worth holders.
That trend has now reversed.
Large-value inflows have steadily declined since the 2025 peak, even as XRP retraced from levels above $3. The absence of a corresponding surge in exchange deposits suggests whales are not rushing to liquidate positions despite weaker market conditions.
From an on-chain perspective, this is an important distinction. Market corrections accompanied by rising exchange inflows typically signal growing sell pressure. Current data does not support that narrative.
Technical Structure Shows Early Signs of Stabilization
XRP trades near $1.12 at the time of analysis after rebounding from intraday lows around $1.10.
The 15-minute chart shows price reclaiming both the 20-period moving average at $1.108 and the 50-period moving average at $1.114. XRP is currently attempting to establish support above those levels following a sharp recovery impulse.
However, the broader trend remains challenged.
Price continues to trade below the 100-period moving average at $1.127 and the 200-period moving average at $1.146, indicating that medium-term momentum remains bearish despite the short-term bounce.
The Relative Strength Index (RSI) has surged to 58.6 from oversold territory, reflecting improving momentum without yet reaching overbought conditions. The RSI recovery suggests buyers have regained near-term control, although confirmation would require a sustained move above the 100-period moving average.
Market Weakness Driven by Macro Conditions
Recent XRP weakness appears more closely linked to broader crypto market conditions than token-specific distribution.
Risk assets have faced pressure from declining liquidity, cautious investor sentiment, and ongoing volatility across Bitcoin and major altcoins. Those factors have contributed to leveraged position unwinds across derivatives markets.
READ MORE: Humanity Token Plunges After Foundation Key Compromise Triggers Security Crisis
Notably, exchange flow data suggests that spot holders have remained relatively disciplined during the downturn.
In previous bear-market phases, XRP experienced substantial increases in deposits from wallets holding between 100,000 and 1 million XRP, alongside spikes in the 1 million-plus category. Similar behavior has not emerged during the current correction.
It is also crucial to view this data through the lens of current global liquidity conditions. XRP’s performance is currently tethered to the broader risk-on sentiment in the crypto market, which is reacting to shifting interest rate expectations and fluctuating stablecoin liquidity.
While on-chain data shows internal strength, we remain cautious: XRP’s price action is currently ‘squeezed’ between its 100-period and 200-period moving averages. Investors should note that until the $1.15 level is reclaimed with sustained volume, this ‘stabilization’ remains a technical setup rather than a confirmed trend reversal
What Investors Are Watching
The key variable remains whether large holders begin moving substantial balances back to exchanges.
As long as inflows from whale wallets remain subdued, available selling supply may continue to contract. That dynamic could create a more favorable environment for price recovery once broader market conditions stabilize.
From a technical perspective, traders are closely monitoring resistance near the 100-period moving average at $1.127, followed by the 200-period moving average at $1.146. A break above both levels would strengthen the case for a broader recovery.
Until then, XRP remains in a rebuilding phase. However, declining exchange inflows suggest the market is currently facing a shortage of aggressive sellers rather than an excess of them—a notable shift from previous correction cycles.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Kosta Gushterov
Reporter at CoinsPress
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
