"XRP whale net outflows slow... rising exchange balances signal wait-and-see stance"

A new analysis suggests that as whale activity in the crypto market cools, short-term selling pressure could intensify. The market is also raising the possibility that long-term holding conviction—particularly in XRP—may be weakening.

According to BitcoinSistemi, a cryptoasset (cryptocurrency) news outlet, recent on-chain data show that the pace at which large investors withdraw assets from exchanges has slowed markedly. Arab Chain, an analyst active on CryptoQuant, said, "Over the past 30 days, XRP whales' net outflows fell to about 1.2 billion tokens," adding that "this is the lowest level since February."

In general, large investors withdrawing assets from exchanges is interpreted as a positive signal indicating long-term holding intent. This time, however, attention is focused on the fact that some whales are still keeping XRP on exchanges.

Experts are divided on how to read the data. One analyst explained, "The fact that whale investors are leaving assets on exchanges means the possibility of selling remains open," and added, "It may also indicate weakened conviction in holding for the long term."

The trend is also notable in that it has appeared while XRP is trading in a relatively low price range. Another source said, "It seems investors are opting for a wait-and-see strategy rather than additional buying."

Arab Chain also pointed to potential catalysts ahead. He stressed, "If whale net outflows do not rise again, the market could become more vulnerable to selling pressure," adding, "Because these on-chain indicators can affect short-term price action, they warrant close monitoring."