XRP saw a slight price increase over the past day, bringing its gains for the month to 7%. However, the price is still struggling to break through the $1.45 mark.
Recent data indicates a noticeable change in how large investors have been acting over the past few months.
XRP Selling Pressure Indicator
New data from CryptoQuant shows that large XRP holders (often called “whales”) are sending less XRP to the Binance exchange than they have since November 2021. Earlier in March, the amount of XRP moving from these whales to Binance reached about 2.6 billion, suggesting a significant increase in activity at the time.
When large amounts of cryptocurrency are moved to exchanges, it often means big holders are planning to sell or change their investments. This indicator recently peaked, but has since decreased and now stands at around 736 million XRP.
According to CryptoQuant, whale-related selling pressure on exchanges has significantly decreased to its lowest point in over three years. This is based on a recent drop in the amount of cryptocurrency flowing into exchanges. The analysis suggests that large investors are being more careful with their money during this period of market uncertainty, which may explain the continued decline in inflows despite broader market fluctuations.
Generally, when large cryptocurrency holders (often called ‘whales’) send less of their tokens to exchanges, it’s seen as a good sign. This is because it lowers the chance of a sudden price drop caused by a large sell-off. If this pattern continues – with low inflows to exchanges and improving demand and prices – it suggests XRP could gradually establish a more stable price, as major holders are selling less.
Institutional Demand and Global Expansion
US exchange-traded funds (ETFs) that hold XRP have recently seen a positive shift. While they experienced over $31 million in withdrawals during March, April brought a strong recovery with $81.6 million flowing into these funds. This upward trend has continued in May, with the ETFs already attracting over $28 million in new investments this month.
Ripple has been actively growing its presence in various markets lately. Recently, they teamed up with OKX to list their RLUSD stablecoin and collaborated with the Crypto ISAC network to share intelligence about cyber threats from North Korea aimed at the cryptocurrency industry.
We’ve been growing our reach in the Middle East and Africa recently, and a key part of that has been opening new offices in the region. This allows us to better serve our clients and expand our operations locally.
Ripple has partnered with KBank, a South Korean online bank, to advance its blockchain-based international payment testing. They’re moving beyond initial trials to focus on practical use and expanding the system to handle more transactions. The agreement was finalized at KBank’s Seoul headquarters, with Fiona Murray, Ripple’s Asia-Pacific Managing Director, present at the signing.
Before that, Ripple teamed up with Kyobo Life Insurance in South Korea to build technology for handling digital assets, specifically for buying and selling government bonds as tokens.
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2026-05-07 13:48