Whale trading activity on the XRP ledger, especially on Binance, often coincides with the price peaks of XRP. Spikes in whale trading (marked by red circles) indicate a trend of whales transferring large amounts of XRP to exchanges to sell near local or cyclical price peaks.

Recently, this activity surged as XRP reached a price of around $2.3. This may indicate that whales are preparing to take profits or increase market activity.