On-chain data shows that the flow of XRP into Binance has declined sharply following the market peak in 2025, especially for large transfers above 1 million XRP. This decrease suggests that the recent drop in XRP’s price is less linked to major wallet holders selling and more to liquidations of leveraged positions and general market weakness.
Shifting dynamics in large investor transactions
Between 2021 and 2025, transfers ranging from 100,000 to over 1 million XRP were among the most notable streams entering exchanges. These transactions indicated that large investors and institutional players regularly used Binance, which remains one of the world’s highest-volume crypto exchanges and a key platform for tracking such movements.
Historically, spikes in these large inflow categories tended to precede significant price drops, as major holders typically moved their assets to exchanges ahead of selling. However, recent data fails to show any similar, extraordinary uptick in such transactions.
The decline in major XRP transfers to Binance points to a reluctance among leading market participants to sell at this stage.
CryptoQuant analyst PelinayPA notes that this shift coincides with the post-ETF approval period. Weaker inflows from large holders to exchanges indicate, according to the analysis, a preference to hold positions rather than offload them. This trend distinguishes the current market structure from previous sharp downturn cycles.
Main drivers behind the recent price fall
Analysts attribute the latest pullback in XRP pricing less to major investors cashing out and more to the forced closing of leveraged positions and an overall fragile market environment. In earlier substantial corrections, there was usually a surge in exchange inflows as holders sought exits, a pattern not repeated this time.
This on-chain snapshot thus undermines the narrative of widespread profit-taking at present. Compared to previous periods of heavy inflows from major players between 2021 and 2025, the current decline points to a measurable change in how the largest participants are acting.
What happens if the low inflows persist?
The analysis notes that if XRP deposits to Binance continue to stay low, the available supply for sale on the exchange could diminish. Should demand strengthen, this could help XRP retest the $1.8 to $2.0 band in the near future.
PelinayPA suggests that sustained low inflows into Binance may ease selling pressure and, coupled with stronger demand, could push XRP closer to the $1.8 to $2.0 range again.
At the time of writing, XRP was trading at $1.11, with a 24-hour transaction volume of $1,754,706,743. The asset declined by 5.12% over the past day and dropped 8.28% over the past week.
| Indicator | Data |
|---|---|
| Current price | $1.11 |
| 24-hour change | 5.12% drop |
| 7-day change | 8.28% drop |
| 24-hour volume | $1,754,706,743 |
| Target price range | $1.8 to $2.0 |
The core assumption of the analysis is that inflows of over 1 million XRP to Binance do not rise significantly again. Any renewed surge in this category could quickly reverse the current market outlook. Industry watchers are expected to monitor this metric especially closely in the weeks ahead.
