Ripple (XRP) recorded a modest gain over the past 24 hours, bringing its total rise for the month to about 7%. Despite this progress, the $1.45 level remains a significant resistance point for the token.
Recent data indicate a notable change in behavior among large XRP holders, suggesting they have become more cautious in recent months.
XRP Selling Pressure Indicator
CryptoQuant’s latest report shows that whale inflows of XRP to Binance have fallen to their lowest level since November 2021. The firm noted that the 30-day cumulative inflow metric (Sum 30D) reached roughly 2.6 billion XRP at the start of March, signaling sizable transfers from whales to the exchange at that time.
Large transfers to centralized exchanges are often associated with increased selling activity or portfolio rebalancing by major investors. Since that March peak, the indicator has steadily declined and currently sits near 736 million XRP.
CryptoQuant highlighted that this is the lowest reading for the metric in over three years. The downward trend points to a significant reduction in exchange-related selling pressure from whales compared with earlier months. The analysis also suggests that the fall in inflows amid ongoing market volatility may reflect a more cautious approach by large holders as uncertainty persists across the crypto landscape.
Lower whale inflows to exchanges are generally interpreted as a positive sign because they reduce the likelihood of sudden, large-scale sell-offs triggered by massive transfers. If the trend continues—holding inflows low while demand and price conditions improve—this dynamic could help XRP establish a more stable price base over time as selling pressure from major holders eases.
Institutional Demand and Global Expansion
On the institutional side, US spot XRP ETFs have regained momentum. After exceeding $31 million in outflows during March, the products rebounded in April with $81.6 million in inflows. The positive trend has continued into May, with the funds attracting over $28 million in new inflows so far this month.
Ripple has also been actively expanding its operations across multiple regions. The company partnered with OKX to list its RLUSD stablecoin and joined the Crypto ISAC network to share intelligence on North Korean threat actors that target the cryptocurrency industry.
Additionally, Ripple has increased its presence in the Middle East and Africa by opening new regional offices.
In South Korea, Ripple signed a partnership with internet-only lender KBank to advance blockchain remittance testing from pilot stages toward practical integration and scalability. The agreement was formalized at KBank’s Seoul headquarters and attended by executives from both organizations, including Fiona Murray, Ripple’s Asia-Pacific Managing Director.
Earlier, Ripple entered another South Korean collaboration with Kyobo Life Insurance to develop institutional digital-asset infrastructure related to tokenized government bond transactions.