Arab Chain
XRP Whale Inflows to Binance Drop to Their Lowest Level Since 2021
Data from the XRP Ledger network, which tracks whale flows to the Binance platform, shows a sharp decline in transfer activity over the past few days. The Whale Transfer Flow (30DMA) indicator previously fell to 48 million XRP, before rebounding slightly to 56.1 million XRP, with both readings representing the lowest levels recorded since 2021.This indicator represents the average volume of large transfers from major wallets to exchanges and is typically used to gauge whales’ selling intent. Historically, a surge in these flows indicates that large investors are preparing to liquidate a portion of their holdings, thereby increasing selling pressure on the price. Conversely, a sharp decline to historically low levels reflects a lack of appetite among whales to sell at present. What is particularly noteworthy about this reading is that it comes at a time when the XRP price is trading at relatively stable levels, averaging around $2.15 during the same period. This reinforces the hypothesis that large investors prefer to hold the asset rather than deploy it onto exchanges. Such behavior is often observed during phases of silent accumulation or ahead of more substantial price movements. Looking back to 2021, the last time inflows reached similarly low levels was during periods that preceded strong upward trends, when exchange supply was constrained while demand gradually increased. The current decline in whale inflows reduces the amount of XRP available for sale and helps alleviate short-term selling pressure.