XRP whales sent $112.4 million to Binance, the highest inflow level in seven months, according to crypto analysts. The move signals rising selling pressure from large holders.
However, fresh data suggests the heaviest selling may already be easing, and traders are watching key price levels.
What XRP Whale Inflows Reveal About Selling Pressure
Whale inflows track large transfers from major holders to exchanges, usually before a potential sale. In this case, crypto analyst Darkfost counts transactions above 1 million XRP.
These flows matter because holders can sell tokens on an exchange within minutes. Therefore, rising inflows often precede short-term price weakness.
The surge coincides with XRP’s rebound of more than 30% since August. As a result, many large holders appear to have used the rally to lock in profits.
Monthly average inflows also rose by about $72 million, while the previous three months averaged roughly $90 million. In addition, daily spikes topped $400 million at times.
However, recent data shows inflows returning to more normal levels. That suggests the heaviest selling pressure may have eased, at least for now.
At the time of writing, XRP trades near $1.33, according to BeInCrypto data. Its 24-hour range sits between $1.32 and $1.40, while its market cap stands near $84 billion.
Can XRP Break Above $1.40 or Fall Toward $1.26?
Technical analysts remain divided. CryptoBusy notes that XRP is testing a major descending resistance trendline on the four-hour chart. The token recently climbed from $1.26 toward $1.40.
A confirmed breakout above the $1.38 to $1.40 zone could open a path toward $1.45 and $1.50. However, failing to hold $1.33 could send XRP back toward $1.30 or even $1.26.
Meanwhile, EGRAG Crypto offered a more cautious view. His chart sketch raises the possibility of a dip toward $1.18 before a push to $1.63 and $1.80. He also stressed that this remains a hunch until price action confirms it.
On the bullish side, Ali Martiez set an immediate target of $1.55 if key levels hold. For now, the $1.33 level acts as the line between a recovery and a deeper pullback. Traders may want confirmation before acting on either scenario.
Still, large holders can move markets quickly, so exchange inflows remain a key signal to watch.
The post Is the XRP Price Heading for a Major Crash? Whale Inflows Hit a 7-Month High appeared first on BeInCrypto.
