The capital flow from "whales" into Binance has reached its highest level in six months, with over 2.66 billion XRP tokens transferred to the exchange in the past 30 days. 🐋

According to analysis from CryptoQuant, this is the largest amount of XRP from major investors since April 2024, indicating a significant increase in activity within the "whale" community.

In the context of market volatility, the "whales" have purchased over 100 million XRP as the price fell below the support level of $2, showing strong confidence in the potential of XRP. Currently, the price of XRP has recovered, trading near $2.42.

This recovery may be driven by Ripple receiving approval from NYDFS to launch the stablecoin RLUSD. 🚀