data shows that 2.6 billion XRP was transferred to Binance, the highest level since April 2024, and large investor sales led to a 5% drop in the XRP price. Ripple’s institutional moves and stablecoin projects, meanwhile, maintain the token’s long-term upside potential.
According to CryptoQuant’s analysis, over 2.6 billion XRP has been moved to Binance in the last 30 days. This was recorded as the highest whale movement since April 2024. This diversion of XRP by large investors to exchanges caused prices to drop by 3% today and 5% on a weekly basis. Investor sentiment also seems to have been negatively affected in the process.
Experts say that this movement of whales may indicate a change in market dynamics. The transfer of XRP to centralized exchanges increases selling pressure, which indicates that the market is in a downtrend. Such large inflows usually lead to cautious investor behavior.
However, there are also positive developments in the long-term outlook for XRP. Ripple continues to make strategic moves to increase its influence in cross-border payment systems. The company has launched a stablecoin called RLUSD, established important partnerships, and developed new projects to launch a tokenized money fund on the XRP Ledger. These steps increase institutional adoption of the token and strengthen the future market potential of XRP.
Bitcoin’s expected price action to reach $100,000 and signals of recovery in the overall crypto market could directly impact XRP’s price performance. Looking at past market cycles, major altcoin rallies have often been led by Bitcoin. According to analysts, the biggest hurdle for XRP’s future price action will be whether whale sell-offs continue and whether investor confidence can be restored.