XRP whale inflows reach $900 million on Binance, price drops below $1.10

XRP deposits from large holders on Binance have surged to $900 million in a single day, coinciding with a sharp fall in the token’s price below $1.10. This marks the highest daily inflow of XRP to the exchange since early 2024, as confirmed by blockchain data trackers and market analysts.

XRP whale deposits accelerate on Binance

The recent spike in whale transactions included a reported 691 million XRP transferred to Binance within 24 hours. This exceeds the previous record from February 2026, a period marked by market capitulation. On the day of the large inflows, XRP traded at $1.08, reflecting a 6.91% decline over 24 hours and a 12.97% drop in the last seven days, according to CoinGecko.

Market analysts noted that these inflows are not limited to a single event. The 90-day moving average of XRP whale deposits on exchanges has now surpassed $100 million daily, which is the highest concentration in nearly half a year. This increased activity may suggest that large holders are moving funds to trading platforms as volatility deepens.

When whales transfer substantial amounts of tokens to exchanges, those assets become available for trade, and such moves can be seen as a signal that additional supply might reach the market. However, blockchain deposit data alone does not confirm whether these tokens will be sold or simply stored on the exchange.

Analyst Darkfost stated that the sheer volume of XRP transfers to Binance coincided with a decline below the $1.30 level, raising questions regarding whales’ intentions. A sharp move of tokens onto exchanges often precedes increased trading activity, as holders could be seeking to limit losses or take profit during price swings.

Approximately 691 million XRP were deposited to Binance as the token fell below $1.30, setting a new daily record since 2024 and surpassing levels seen during the February 2026 capitulation phase.

Some of these inflows may also be linked to Binance’s security breach on October 29, when the exchange suffered a theft of 233.5 million XRP. While the numbers could suggest efforts to replenish exchange reserves, not all incoming transfers can be conclusively tied to that incident.

Mini dictionary: CoinGecko is a leading independent cryptocurrency data aggregator, providing real-time price data, charts, and analytics for digital assets.

XRP technical analysis and support levels

Technical market observers highlighted that XRP’s local price has now tested significant support regions. According to CasiTrades, an analyst who tracks major chart structures, XRP hit the $1.10 Fibonacci support, which aligns with key retracement levels and has become a focus for traders.

Technical analysis from CasiTrades indicated that XRP’s $1.10 level matches the .854 local Fibonacci retracement and the .786 macro retracement, with the relative strength index still pointing to strong downward momentum.

If downward pressure continues, CasiTrades observed that $1.00 and $0.90 are the next technical support levels for XRP. Although these are areas where buyers could appear, the analyst warned that continued sales—especially if mirrored across the broader crypto market—could lead XRP below $1.10 in the near term.

Broader market conditions, particularly movements in Bitcoin, may further influence XRP’s trajectory. Analysts note that unless significant buying demand materializes near the $1.10 support, the bearish outlook remains intact for now.

The distinction between whale deposits and actual sales remains important for traders following XRP’s short-term outlook. While exchange inflows can reflect impending supply, market impact will depend on whether those assets are later sold in significant quantities.