XRP is trading around $1.12, down nearly 5% over the past 24 hours amid broader crypto market consolidation due to the US-Iran war escalation. However, on-chain data signals a potential rally ahead to $1.8-$2 if inflows to Binance fall further.
XRP Inflows to Binance Fall, Signaling Rising Whale Confidence
CryptoQuant on-chain data revealed that XRP inflows into Binance crypto exchange have started to decline. It is particularly recorded in transfers exceeding 1 million coins. The declining XRP inflows indicate weakening selling pressure from large holders.
The subdued inflows to Binance suggest whales are holding rather than preparing to sell. Historically, major crypto market downturns have often preceded sharp spikes in inflows of 100K-1M and 1M+ coins.
Currently, there is no such large surge visible. The on-chain data does not point to aggressive whale selling or widespread profit-taking at this stage. Thus, the recent price decline is likely driven by leverage liquidations and broader crypto market weakness.
“If Binance inflows remain subdued, the available selling supply could continue to decrease. Combined with stronger demand, this would make it easier for XRP to revisit the $1.8-$2.0 range,” according to CryptoQuant data.