XRP is holding steady above the $2 mark after a volatile run, and on-chain data suggests the short-term outlook may be shifting in bulls’ favor. What the on-chain data shows A recent Arab Chain report using CryptoQuant data highlights a sharp drop in large wallet transfers to Binance. The XRP Ledger’s Whale Transfer Flow (30‑day moving average) fell to about 48 million XRP before bouncing to roughly 56.1 million XRP — the lowest readings since 2021. This metric tracks average large transfers into exchanges and is widely used as a proxy for whale sell pressure. Why it matters Historically, spikes in whale inflows to exchanges often precede distribution events and added downside pressure. Conversely, sustained compression of those flows typically signals reduced urgency to sell, which can help stabilize price during consolidation. With fewer large transfers hitting exchanges, available sell-side liquidity thins, making small upside moves easier and limiting sharp drops. Market context and precedent XRP has been trading in a relatively narrow band — averaging near $2.15 during the period referenced and sitting around $2.06 on the daily chart — after a late‑2025 drawdown that pushed prices toward the $1.80–$1.90 area. The current lull in exchange-bound whale activity resembles conditions seen in 2021, when similarly low inflows coincided with the start of stronger upward trends as supply on exchanges stayed constrained while demand built. Technical picture Technically, XRP remains fragile despite holding the $2 psychological floor. It is trading below key moving averages, which are still sloping downward, and medium-term resistance has repeatedly defended rallies since November. Recent rejection occurred in the $2.30–$2.35 zone, and overall volume has been muted aside from occasional spikes. For bulls, the near-term objective is to secure acceptance above $2.20 and flip descending averages into support. If $2 fails, downside pressure could quickly test the $1.90 area. Bottom line On-chain signals point to easing whale sell pressure and a cleaner supply setup, offering a more constructive short-term backdrop for XRP. Still, a decisive breakout will likely require renewed buying volume rather than simply the absence of large-scale selling. Traders should watch whale inflows and the key $2.20/$2.30 technical thresholds for clues on the next directional move. Read more AI-generated news on: undefined/news

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