Large XRP holders have transferred $112.4 million to the Binance exchange, marking the highest inflow volume recorded in seven months. Analysts define these whale transactions as transfers exceeding 1 million XRP, which typically precede sell-offs on the platform.
The recent surge in exchange inflows follows a 30% price recovery for XRP since August, suggesting that many large investors are moving to secure profits. Monthly average inflows rose by $72 million, with some daily spikes exceeding $400 million, though current data indicates these levels are normalizing.
XRP is currently trading at approximately $1.33, with a 24-hour price range between $1.32 and $1.40 and a total market capitalization of $84 billion. Technical analysts are monitoring the token as it tests a major descending resistance trendline on the four-hour chart.
Market experts provide varying outlooks for the asset. A breakout above the $1.38 to $1.40 zone could drive the price toward $1.50, while failure to maintain the $1.33 support level may lead to a decline toward $1.26 or potentially $1.18.
