More than 31 million XRP were transferred to Binance in a single day, according to data from CryptoQuant. The scale and composition of the inflow have raised concerns about potential short-term selling pressure.
Binance remains the preferred venue for large transactions due to its deep liquidity, making it a common destination when holders reposition assets. This week’s inflow was driven predominantly by whale-sized wallets.
The distribution of transfers was as follows:
The two largest cohorts accounted for nearly the entire 31 million XRP transferred. In total, the inflow represents approximately $45 million in potential sell-side liquidity, a development that warrants close monitoring.
If sustained, this level of exchange inflow could weigh on price performance in the near term.
XRP is currently trading around $1.38, down roughly 0.78 percent in the past 24 hours. While that drop may seem small, the broader picture looks more concerning. On-chain data shows a massive $1.93 billion in realized losses over the past week, marking the largest wave of capitulation since 2022.
At the same time, the wider crypto market has been under pressure. Latest uncertainty around upcoming U.S. tariffs and rising geopolitical tensions have pushed investors into risk-off mode. Bitcoin itself dropped more sharply, and XRP followed the market trend.
Adding to the tension, longtime crypto investor Crypto Bitlord publicly criticized Ripple, claiming that XRP holders have “never benefited” while the company allegedly sold billions worth of tokens to fund acquisitions. His comments came in response to an older post by Ripple CEO Brad Garlinghouse highlighting the company’s acquisition of Hidden Road, now rebranded as Ripple Prime.
While those claims show frustration among some investors, they remain controversial and do not represent an official market conclusion.
From a technical standpoint, XRP recently retested support around the February 11 low near $1.35, where buyers stepped in again. However, the bounce has been weak so far.
For bulls to regain control, XRP needs to break above the first major resistance near $1.46 to $1.47. A stronger push above $1.51 would improve short-term sentiment further.
On the downside, if XRP fails to hold the $1.30 support zone, the next major level sits near $1.20. A breakdown below that area could accelerate selling pressure, especially with tariff implementation expected on February 24.
Right now, the market is oversold but fragile. Whale inflows to Binance suggest positioning, but they do not automatically confirm a crash. Much depends on whether support holds and whether buyers step in with strength.
For now, XRP stands at a critical crossroads. The next move could set the tone for weeks ahead.
While many people are still looking at older projects, a new wave of smart capital…
Ripple has always said it wants to fix one of banking’s biggest problems: slow and…
According to new research from Standard Chartered, the companies behind stablecoins are on track to…
The MYX Finance price has dropped nearly 25% to $0.64, sharply underperforming a broader crypto…
The Solana price isn’t exactly screaming strength right now. Volume bubble maps across both spot…
Analyst Benjamin Cowen has a blunt explanation for the brutal altcoin crash shaking the market:…
