XRP's price has climbed back above $1.13, and data suggests the rally may have legs. The largest holders of the token are barely moving their coins to exchanges, a sign that selling pressure from whales is fading.
Whale activity on Binance
Inflows of XRP to Binance, the world's largest crypto exchange, have been drying up. That's important because when whales deposit tokens on an exchange, it often signals they intend to sell. The current low inflow levels indicate that major holders are not rushing to cash out.
What the data shows
Market sentiment for XRP has turned bullish. The token's price recovery to $1.13 reflects that shift. Analysts aren't quoted here, but the numbers speak for themselves: reduced exchange inflows and a price bounce suggest the selling pressure that dragged XRP lower earlier this year is easing.
For traders, the question is whether this holding pattern will last. If whales continue to keep their XRP off exchanges, the supply available for trading shrinks, which can support higher prices. But the crypto market is volatile, and sentiment can change quickly.
For now, the data points in one direction: the largest XRP holders are sitting tight, and the market is taking notice. The next few days will show whether the $1.13 level holds.
