Key Highlights
- Major XRP holders transferred over 231 million tokens, valued above $335 million, off Binance within 24 hours.
- Whale withdrawal volumes hit six-month highs, surpassing the 90-day daily average of approximately $40 million by more than 700%.
- The token posted gains exceeding 40% during the past seven days, boosting market capitalization by roughly $25 billion.
- Active wallet addresses on the XRP network climbed over 654%, moving from 47,180 to 356,070.
- Leveraged long positions faced approximately $4.66 million in liquidations following the recent rally.
Large XRP holders have dramatically accelerated withdrawals from Binance following the token’s brief climb above $1.70. The asset subsequently stabilized around $1.40 as market participants monitor whether major investors will continue removing holdings from centralized platforms.
CryptoQuant analyst Darkfost reported that whale entities pulled more than 231 million XRP during a single trading day. These transactions totaled over $335 million, representing a significant increase compared to the 90-day daily average of approximately $40 million.
Major Holders Accelerate Exchange Withdrawals
This recent withdrawal activity represents the most substantial whale outflow from Binance recorded over the past six months. Darkfost emphasized that this movement signals a notable shift in strategy among substantial XRP holders following the token’s price appreciation.
XRP delivered returns exceeding 40% throughout the previous week, contributing approximately $25 billion to its overall market valuation. Darkfost suggested that persistent accumulation patterns could fuel additional upward momentum, positioning $2 as a viable near-term objective.
Analyst Ali Martinez documented a dramatic increase in XRP blockchain engagement during the same timeframe. Active wallet addresses expanded to 356,070 from 47,180, representing growth surpassing 654% during the observation window.
This expansion demonstrates heightened wallet interaction with the network throughout the rally period. Elevated activity levels typically emerge during phases of intensified trading interest, while increased participation often precedes larger price movements.
Derivatives Market Reflects Trading Pressure
Derivatives market data revealed strain after XRP price cleared resistance liquidity zones before retracing toward support levels. Long position liquidations totaled approximately $4.66 million, climbing 31.82% daily, while short liquidations increased 61.61% to roughly $1.13 million.
Long liquidations exceeded short liquidations by nearly fourfold. This disparity indicates the retracement forced numerous leveraged buyers to exit positions as spot market selling pressure mounted. Analyst CW8900 distributed a one-hour XRP/USD chart displaying substantial buy-side support below current market levels near $1.40. This order concentration may provide price stability if selling pressure persists.
The same technical analysis revealed resistance clustering around $1.50 to $1.55, featuring volume exceeding 15,000 units. XRP may consolidate between these boundaries until buyers absorb available sell orders. The Money Flow Index declined to 35.89 from approximately 60, indicating diminished buying momentum while remaining above oversold thresholds. This dynamic leaves market participants monitoring whether Ripple whale activity can counter weakening momentum and preserve the recent recovery trajectory near support during upcoming trading periods.
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