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>>XRP Experiences Spike in $100K+ Transactions: Implications for Ripple’s Valuation

XRP Experiences Spike in $100K+ Transactions: Implications for Ripple’s Valuation

crypthub

1 day ago

Whale Transfer Surge

On early week, on‑chain activity spiked as XRP transfers over $100k hit a three‑month high. Santiment recorded whale‑sized moves rising from 2,170 to 2,802 in one day, the most since October. The firm warns that such activity often makes price swings more erratic. This surge occurs while XRP’s price is pulling back, hinting at possible larger moves ahead.

Exchange Balance Decline

At the same time, XRP holdings on Binance fell to about 2.6 billion, the lowest since Jan 2024, according to CryptoQuant’s CryptoOnchain data. Arab Chain notes whale inflows to Binance have been decreasing since mid‑December, now representing roughly 60 % of deposits versus earlier 70 % peaks. Retail deposits remain steady, and the drop in large deposits typically signals reduced immediate selling pressure.

Market Impact & Outlook

XRP traded near $2.13, down 6 % in 24 h, after briefly hitting $2.40 earlier in the week. Despite the dip, the token is up about 16 % over seven days and 14 % over two weeks, with monthly gains just above 3 %. Analysts see $2.27 as key support; holding above it could keep bullish momentum, especially as XRP/BTC shows a rare bullish pattern not seen since 2018. Rising whale moves combined with falling exchange balances suggest positioning rather than panic, keeping upside potential alive.