PelinayPA
Whales Are Waiting for a Rally to Sell in XRP
The chart highlights several important periods. During March-April 2025, whale to exchange flow remained very low while price showed weak reactions. Whales were not selling, supply tightened, and this was followed by a sharp rally in July 2025. In June-July 2025, while the ratio was still near historical lows, the initial rally began. As price moved higher, profit-taking followed, and whale flow spiked near the peak, signaling distribution. During December 2025 January 2026, the ratio again stayed very low while price continued to decline. Selling pressure during this period was mainly driven by retail investors, not whales. Currently, Whale to Exchange Flow remains near historical lows, while price has dropped sharply to around $1.42. This decline is not accompanied by sustained whale selling. Panic selling is largely coming from smaller investors, while whales appear to be waiting for better opportunities. Based on historical behavior, price may continue to move sideways or slightly lower in the short term as volatility decreases. This could be followed by sudden, low-volume upside wicks. When a real rally begins, whale selling is likely to appear, potentially leading to deeper pullbacks. Tracking this metric specifically on Binance is critical. Binance has the highest spot and derivatives volume in XRP and the deepest order books. It is the primary trading venue for whales and institutions. While other exchanges may reflect transfers or wallet movements, the capital that truly moves price is concentrated on Binance. In summary, Binance Whale to Exchange Flow measures action, not expectation, and acts as a leading indicator by capturing behavior before price reacts.