Binance Records 31M XRP Inflow As Exchange Supply Falls After Big Transfers

TLDR

• Over 31 million XRP worth about $45 million flowed into Binance in 24 hours
• Wallets holding over 100,000 XRP accounted for most of the inflow
• Binance saw 200 million XRP withdrawn over the past ten days
• XRP fell from $3.65 to near $1.38, marking a 60% pullback

Over 31,000,000 XRP flowed into Binance in a day, drawing attention from market participants. The large transfer was driven mainly by whale wallets and coincided with a recent price decline.

Data from CryptoQuant showed that more than 31 million XRP moved to Binance within 24 hours. The total value of the inflow stood near $45 million based on market prices.

Whale Wallets Dominate XRP Transfers

The inflow was largely concentrated among large holders. Wallets holding between 100,000 and 1 million XRP transferred 14,236,825 XRP.

Addresses with over 1 million XRP moved 14,494,865 XRP during the same period. These two groups accounted for nearly the entire daily inflow. Smaller wallets contributed less to the total volume. Transfers under 1,000 XRP reached 6,543 XRP.

Wallets holding between 1,000 and 10,000 XRP moved 73,630 XRP. Those with 10,000 to 100,000 XRP transferred 2,938,809 XRP.

Binance remains a preferred venue for large transactions due to deep liquidity. Large holders often use the exchange when repositioning assets.

Exchange Supply Ratio and Recent Outflows

While the one day inflow drew focus, recent data also showed steady withdrawals. Over the past ten days, about 200 million XRP left Binance.

During the same period, the exchange supply ratio dropped from 0.027 to 0.025. This metric tracks the share of circulating XRP held on exchanges.

Crypto analyst Diana, known as shared a chart outlining the trend. She stated that when XRP leaves exchanges, it usually moves to cold storage or custodial wallets.

Tokens held off exchanges are not immediately available for trading. This shift reduces the supply present on active order books.

Lower exchange balances can affect short term liquidity. However, daily inflows and outflows can vary based on market activity.

XRP Price Action and Technical Levels

XRP recently failed to hold above the $1.3880 level and extended losses. The price moved below $1.3750 and $1.3650.

The decline continued under $1.3450, and a low formed at $1.3275. The asset now trades below $1.350 and the 100 hour Simple Moving Average.

The price remains under the 23.6% Fibonacci retracement level. This level is measured from the $1.4244 swing high to the $1.3275 low.

If recovery occurs, resistance may appear near $1.3650. The next key resistance stands near $1.3750 and aligns with the 50% Fibonacci level.

A move above $1.40 could open the path toward $1.4250. A bearish trend line is also forming near $1.4250 on the hourly chart.

Broader Pullback and Demand Zone

Price data shows XRP fell from a high near $3.65 to around $1.38. This represents a 60% pullback from the July peak.

During one week, realized losses reached about $1.90 billion. Similar levels were seen during prior capitulation phases.

Reports indicate that XRP is approaching a higher time frame demand area. This zone ranges between $0.85 and $0.65.

The same area acted as resistance before the late 2024 rally. In earlier cycles, it served as a multi year accumulation range.

Market participants continue to monitor exchange flows and price levels. Large transfers and technical zones remain in focus as trading activity evolves.

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