XRP Whales Go Quiet: A Sign of Accumulation or Stagnation? Recent on-chain data reveals a significant shift in XRP whale activity, with inflows to Binance reaching their lowest levels since 2021. This subdued movement suggests a potential phase of quiet accumulation, rather than panic selling, as the asset consolidates above the critical $2 mark. Traders are closely watching for the next directional move, with current market dynamics hinting at reduced immediate selling pressure.
Whale Behavior Signals Potential Accumulation
A report from Arab Chain on CryptoQuant highlights a sharp decline in whale transfers to Binance. The Whale Transfer Flow (30DMA) initially dipped to 48 million XRP before slightly rebounding to 56.1 million XRP, marking the lowest recorded levels since 2021. Historically, large whale inflows indicate institutional investors offloading holdings, increasing market supply and downside risk. Conversely, unusually low inflows suggest a decreased urgency to sell, which can stabilize prices during consolidation periods. This current behavior, with XRP maintaining its position above $2, implies that large holders may be choosing to accumulate rather than distribute, setting the stage for a potential rally driven by fresh demand rather than liquidations.
Technical Outlook and Key Levels
XRP is currently trading around $2.06 on the daily chart, following weeks of choppy consolidation. While the price has successfully held above the psychological $2 level after a late-2025 sell-off, it remains technically fragile, trading below key descending moving averages. These averages, acting as medium-term resistance, have consistently repelled upward pushes since November, with a recent attempt to break past the $2.30-$2.35 zone facing rejection. Market participation volume has also remained muted, underscoring the lack of aggressive expansion. For a bullish breakout, XRP needs to establish firm acceptance above $2.20 and flip these descending averages into support. A failure to hold the $2 level, however, could swiftly send the price back towards the $1.90 area.
