XRP Whale Wallets Reach All-Time Highs as $170M Pulled from Exchanges
The number of XRP whale wallets hit record levels, while on-chain data showed approximately $170 million in XRP withdrawn from Binance. The combination of accumulation at the wallet level and exchange outflows points to large holders repositioning holdings off trading platforms.
Data tracking XRP whale wallets indicated the cohort reached an all-time high in wallet count, a metric watched as a gauge of large-holder accumulation. Separately, on-chain activity showed roughly $170 million in XRP withdrawn from Binance during the same window, with the price holding in a $1.35 to $1.40 range described by analysts as a key support and accumulation zone.
Exchange outflows of this magnitude are typically interpreted as a reduction in immediately available sell supply, as assets moving off exchanges are less directly accessible for rapid liquidation. The concentration of outflows around Binance specifically drew attention given that platform's role as a primary liquidity venue for XRP.
XRP Ledger activity was also cited as elevated during the period, with 4,300 new wallets created within a single 24-hour window. Taken together, the on-chain signals painted a picture of active network usage and large-holder repositioning, even as price action remained constrained by resistance levels.
Key facts
- •XRP whale wallet count reached an all-time high
- •Approximately $170 million in XRP was withdrawn from Binance
- •Price held a $1.35 to $1.40 support and accumulation zone
- •4,300 new XRPL wallets were created within a single 24-hour period
- •Exchange outflows reduce immediately available sell-side supply