XRP Whale Inflows Spike to Binance Amid Bearish Pressure

The recent spike in XRP whale inflows to Binance represents a significant shift in on-chain behavior. According to the data, the 30-day average of large wallet transfers to the exchange has climbed to approximately 2.54 billion XRP. Daily inflows are currently hovering around 50 million XRP. This metric, which tracks coins moving from large wallets to centralized exchanges like Binance, is a critical indicator used by analysts to gauge potential changes in the supply available for trading. As noted by the analytics firm CryptoQuant, this increase points to a gradual buildup of activity rather than a single, isolated large transfer.

Historically, such movements from whales—entities holding large amounts of XRP—carry ambiguous signals. Rising inflows can indicate that major holders are repositioning their assets. This repositioning could be for several strategic purposes: preparing to sell, leveraging XRP as collateral in derivatives markets, or gearing up for anticipated trading activity. The interpretation hinges heavily on broader market conditions. If spot demand for XRP remains weak, these increased inflows could translate into direct selling pressure on the market. Conversely, if liquidity and market participation improve, the flows might reflect strategic positioning ahead of potential price volatility, which could move in either direction.

Against the backdrop of rising whale activity, the technical picture for XRP remains challenging. Analyst CasiTrades has highlighted that the recent break of a key trendline has now formed a resistance level. Furthermore, with the price dropping below the previous B-wave low, market attention has shifted toward lower support levels, notably at $1.11 and $0.87. A significant local resistance zone persists around $1.40. The analyst’s assessment is clear: as long as XRP trades below this $1.40 threshold, downward momentum may continue to dominate.

This technical setup has led CasiTrades to characterize the current phase as a ‘no-trade zone.’ The analysis suggests that meaningful entry points for traders will likely only materialize if XRP price either reaches the identified lower support levels or successfully flips above the major macro resistance at $1.65. This cautious stance underscores the prevailing bearish sentiment despite the modest 3% price appreciation observed over 24 hours, which appears more reflective of a broader market uptick than independent XRP strength.

The institutional narrative for XRP in the United States remains subdued, providing little counterbalance to the bearish technicals. Data compiled by SoSoValue shows that US spot XRP ETFs recorded no net inflows or outflows on key dates like February 20 and 23, indicating a lack of decisive institutional movement. This period of stagnation highlights the cautious or wait-and-see approach among traditional finance participants regarding the asset.

However, there was a notable exception to this trend. On February 24, Bitwise’s XRP ETF bucked the broader pattern by recording a $3 million inflow. While this single data point is a positive signal for Bitwise’s product, it stands in isolation against a backdrop of overall institutional quiet. The muted activity in these regulated investment vehicles contrasts with the heightened on-chain movement from whales, painting a picture of a market where large, existing crypto holders are active, but new institutional capital remains largely on the sidelines.