XRP News: Whales Reduce Exchange Inflows as Price Hovers at $1.14
Key Insights
- XRP news shows whales control a record 77.8% of centralized exchange outflows.
- XRP whales cut Binance inflows from 583 million XRP to only 25.3 million XRP.
- XRP price must clear $1.24 to $1.28 before traders can target $1.35.
XRP news has shifted toward whale activity after large holders increased their share of exchange withdrawals. CryptoQuant contributor Amr Taha reported that whales controlled 77.8% of XRP outflows across centralized exchanges on July 22. Retail investors represented only 22%, the lowest share in the dataset.
At the same time, XRP whales are sending far fewer tokens into Binance than earlier this year. XRP price briefly reached $1.16 before settling near $1.14, keeping the latest breakout attempt active. Still, flow data alone cannot confirm accumulation or future selling.
Meanwhile, the price targets and analysis are based on on-chain metrics and are not financial advice. Investors should exercise due diligence, considering the volatile risks in the crypto market, as technical or historical data doesn’t guarantee future returns.
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