Surge in Whale Activity on the XRP Market

user avatar

by Giorgi Kostiuk

2 years ago

Large-scale capital activity on the XRP market has significantly increased in recent weeks, signaling potential changes in price dynamics.

XRP Movements and Whale Activity

In the last month, whales moved 2.66 billion XRP tokens to Binance. These volumes represent the highest level of inflows in the last six months, often serving as indicators of future market trends.

XRP Price: Uptrend and Correction

The XRP price showed volatility, reaching a multi-year high of $2.9092. However, it then declined to below $2.5, still reflecting a 3% increase over the past 7 days. Historically, large exchange inflows have preceded price corrections.

Market Impact: Role of Ripple and Binance

In addition to whale activity, XRP's price has been affected by Ripple's large transfers of 580 million XRP tokens, coinciding with New York's approval for the RLUSD stablecoin listing. Binance plays a critical role in the XRP ecosystem, holding significant token volumes.

Despite increased whale activity, the possibility of a price drop due to large-scale sales shouldn't be excluded. XRP's market may continue to exhibit volatility in the future.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Expected to Hit Bottom Today, October 5, 2026

Bitcoin is trading around 86,100, with predictions suggesting it is at the bottom on October 5, 2026.

user avatarRajesh Kumar

Bitcoin Hits Predicted All-Time High on October 6, 2025

On October 6, 2025, Bitcoin reached an all-time high of 126,198.07, fulfilling a bold prediction made by a 4chan user based on numerological patterns.

user avatarGustavo Mendoza

FinCEN Withdraws Controversial Crypto Surveillance Proposals

FinCEN has withdrawn its proposals targeting unhosted wallets and crypto mixers after pushback from industry stakeholders and privacy advocates.

user avatarMiguel Rodriguez

Justin Sun Prize Awards New Recipients for Contributions to Erdős Problems

The Office of Justin Sun has announced the newest recipients of the Justin Sun Prize, recognizing independent researcher Wouter van Doorn, mathematics PhD student Quanyu Tang, and mathematics researcher Yanyang Li for their contributions to solving Erdős problems.

user avatarLuis Flores

Greek Servicemen Among Suspects in Cryptocurrency Pyramid Scheme

Two Greek servicemen are implicated in a cryptocurrency pyramid scheme that defrauded approximately 10,000 investors out of 8 million euros.

user avatarArif Mukhtar

MEXC and Payward Explore Collaboration at TOKEN2049

MEXC and Payward are exploring a collaboration to enhance user experience in digital asset trading.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.