Binance XRP Whale Inflows Drop to Two-Month Low, Easing Selling Pressure

XRP whale inflows into Binance have fallen to their lowest level in two months, a CryptoQuant analysis showed.

Arab Chain, a contributor to the on-chain analytics platform, wrote in a QuickTake report on July 21 that Binance's 30-day total of XRP whale inflows had dropped to about 947.4 million XRP.

That is the lowest reading in the past two months. The metric peaked at about 1.445 billion XRP late last month and has fallen 34.4% in less than a month.

Arab Chain said inflows from large investors to exchanges are closely watched by market participants. Large transfers to exchanges are often associated with selling intent or increased trading activity, while declining inflows indicate fewer tokens are being moved to trading platforms.

The current decline suggests whales are less willing to move large amounts of XRP to Binance than they were in late June, he wrote. That may reflect weaker selling intent, slower activity among large holders, or a preference for keeping assets in private wallets rather than on centralized exchanges.

Still, he added that a drop in whale inflows alone is not an immediate bullish or bearish signal. Price action, trading volume, overall exchange flows and derivatives market data should be assessed together.

The indicator's slide to a two-month low points to a clear slowdown in activity by large investors on Binance, according to the report. If the trend continues and spot demand for XRP improves, it could help reduce potential selling pressure.