XRP (XRP) buyers have defended support near $1.04, but falling whale activity leaves any sustained breakout dependent on renewed institutional demand.
Key Points:
- Large XRP transfers into and out of Binance have declined across major transaction bands, suggesting whales are avoiding strong directional positions.
- Average monthly exchange inflows fell to about 3.6 million XRP, reducing immediate selling pressure without confirming fresh accumulation.
- A move above $1.12 could open a recovery toward $1.16, while rejection may send the token back toward $1.0440.
XRP Whale Activity
Large transfers involving Binance often signal whether major holders are preparing to sell or move tokens into private wallets, yet recent data showed neither side controlling XRP flows.
Transaction counts fell sharply in the 100,000-to-1 million XRP band and among transfers above 1 million XRP, according to CryptoQuant data. Lower inflows reduced the amount of potential supply reaching the exchange.
Outflows weakened at the same time, indicating that whales were not moving significant amounts into private storage, while transfers between 1,000 and 10,000 XRP continued to dominate activity without replacing institutional liquidity. Whales remain hesitant.
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XRP Breakout Levels
The broader decline in Binance inflows also supported the view that months of heavy distribution may be losing force, with average monthly deposits falling to roughly 3.6 million XRP, the lowest level cited in the data. That shift points to seller exhaustion.
Reduced selling alone does not create a bullish trend, because buyers must still absorb available supply and generate enough volume to push XRP beyond its current range. Stronger whale and institutional participation would provide clearer evidence that demand has replaced distribution.
Price action reflects that balance. After sweeping liquidity near $1.16, XRP dropped toward $1.04 before buyers formed a higher low above $1.05 and pushed the price back toward $1.07, based on the supplied TradingView chart.
Reclaiming $1.12 would strengthen the case for another test of $1.16.
Another rejection could expose the $1.0440 support area again. The current consolidation follows a decline of more than 72% from XRP's $3.66 peak, a retreat marked by months of distribution before exchange inflows slowed.
The latest data therefore shows a market moving toward balance, not yet a confirmed recovery.
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