XRP’s price is starting to recover, and there are positive signs from the blockchain data. Specifically, large XRP holders (often called ‘whales’) seem to be buying more of the cryptocurrency instead of selling on the Binance exchange.
The token’s price rose by over 2% on Wednesday, reaching around $1.14. While some signals suggest increasing buying pressure, recent trading activity makes it difficult to confirm a strong upward trend.
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Whale Selling on Binance Runs Dry
On-chain analyst Darkfost has reported a decrease in large cryptocurrency deposits entering Binance. Specifically, whale (large holder) inflows of XRP have fallen to 25.3 million.
This is the lowest amount seen since January 2025. These large cryptocurrency holders – known as whales – previously transferred 583 million XRP (valued at around $1.36 billion) to the exchange.
Looking at the average over the past three months, we see a similar trend: it’s fallen significantly from around $460 million in early 2025 to close to $69 million now.
When fewer coins are being deposited into exchanges, it often suggests that major sellers are pausing their activity. This decrease in incoming coins to Binance, for example, typically indicates reduced selling pressure in the short term.
According to an analyst, this recent development—the apparent selling pressure from large XRP holders on Binance easing—is a key first step. With the price stabilizing around $1 since June, it provides some temporary relief. However, a lasting price increase will require consistently strong demand.
XRP Large Wallets Accumulate as Retail Retreats
While decreasing supply is a factor, it’s not the whole story. Analyzing XRP wallet data reveals who is currently selling. Recent data from Santiment shows a distinct pattern among XRP holders: those holding between 100,000 and 100 million XRP have increased their holdings by 2.8% in the last five weeks.
Small XRP wallets, those with less than 0.01 XRP, decreased their holdings by 5.2%. This contrasts with larger investors who are currently buying. According to Santiment, XRP’s price movements often follow the actions of these major players.
According to the firm, now is a good time for XRP due to several positive developments: increasing institutional investment through XRP ETFs, the resolution of Ripple’s legal issues with the SEC, and ongoing practical uses for the XRPL network in areas like payments, tokenization, and the RLUSD stablecoin – all of which are keeping investors interested.
While some indicators suggest a potential recovery, overall trading activity has decreased significantly on both Binance and Upbit in South Korea.
The current calm in the market is a bit of a double-edged sword. While low trading volume might suggest decreasing interest, it also indicates that most individual investors haven’t started rushing to buy yet. This means there’s potential for demand to increase instead of quickly disappearing.
Currently, major XRP holders are providing price support, preventing further drops, but aren’t driving significant gains. We need to see consistent purchases from regular buyers as a sign of a potential rally. Overall market trends will continue to be the main factor influencing XRP’s performance.
2026-07-22 09:02