The broader cryptocurrency market may be in a downtrend, but XRP whales are acting differently. Recent on-chain data indicates these large holders are transferring fewer tokens to exchanges, suggesting growing confidence in the asset and a reduced willingness to sell.
CryptoQuant researcher Pelinay noted that declining whale sell pressure, together with increased demand, could spark a rally and help the sixth-largest cryptocurrency challenge the $1.8–$2 range.
Binance Sees Fewer Large Whale Inflows
Pelinay’s report highlighted Binance data showing that transfers of more than 1 million XRP began to fall in 2025 and have stayed subdued into the current year. Previously, such large transfers were frequent and often shaped on-chain charts, reflecting major inflows from whales and institutional accounts.
From 2021 through 2025, inflows of this size were consistently high, indicating heavy participation by these entities on Binance. After peaking in 2025, however, inflows over 1 million XRP slowed, signaling a drop in selling pressure from large holders. The slowdown accelerated after U.S. authorities approved spot XRP exchange-traded funds (ETFs), implying whales have become less inclined to offload sizable positions.
Price Remains Lower Despite Reduced Whale Selling
Historical patterns show that sharp spikes in inflows of 100,000–1 million XRP and 1 million+ XRP often precede major market drawdowns. Such surges have historically increased selling pressure and contributed to substantial price declines.
“At the far right of the chart, no such extraordinary surge is currently visible. As a result, on-chain data does not point to aggressive whale selling or widespread profit-taking at this stage,” Pelinay said, referring to the Binance inflow chart for XRP.
Even though whales have reduced the amount of XRP they send to exchanges since 2025, the token’s price has still corrected from the $3 area. At the time of writing, XRP was trading near $1.10, down about 10% on the week and roughly 5% in the last 24 hours. Pelinay attributed the recent declines mainly to leverage liquidations and persistent weakness across crypto markets in the ongoing bear cycle.
Looking ahead, XRP’s path higher depends on stronger demand coupled with continued low inflows to Binance. If large transfers remain rare, circulating supply available for sale will shrink while buying pressure grows—creating a constructive setup for price appreciation.
“As long as there is no renewed surge in the 1M+ XRP inflow category, this constructive market structure may remain intact,” the analyst added.