This chart represents whale transactions to exchanges on the XRP Ledger (specifically Binance) compared to XRP's price over time.
Historically, significant spikes in whale-to-exchange transactions (marked by red circles) align closely with XRP price peaks. This suggests that whales tend to move large amounts of XRP to exchanges to sell near local or cycle tops.
The latest spike in whale-to-exchange activity coincides with XRP reaching a local price of around $2.3. This could indicate whales preparing for potential profit-taking or increased market activity.
Written by 우민규 Woominkyu
