XRP hovered near the $1.40 mark on Thursday as persistent selling pressure and a range-bound Bitcoin kept crypto market sentiment fragile. A notable uptick in exchange inflows to Binance—driven largely by large holders—has added to short-term uncertainty around XRP’s price stability.
Large Binance Inflows Concentrated Among Bigger Wallets
Binance absorbed a sizable XRP influx this week, underscoring its role as a key venue for high-volume flows. On-chain data shows more than 31 million XRP moved to the exchange in a single day, an amount that represents nearly $45 million at current prices.
Breakdowns of the transfers indicate the activity was led by larger holders rather than retail cohorts:
- Addresses holding less than 1,000 XRP: 6,543 XRP
- 1,000–10,000 XRP: 73,630 XRP
- 10,000–100,000 XRP: 2,938,809 XRP
- 100,000–1,000,000 XRP: 14,236,825 XRP
- More than 1,000,000 XRP: 14,494,865 XRP
While large inflows to exchanges do not guarantee immediate selling, they increase readily tradable supply on order books. In a market already contending with muted momentum, such deposits can amplify near-term downside risk if they evolve into sustained distribution.
Technical Picture: XRP Tests Key Support
XRP’s broader downtrend remains intact on higher time frames. Following its 2025 peak above $3.50, price action has produced a sequence of lower highs and lower lows, pointing to weakening bullish momentum rather than consolidation.
The latest slide into the $1.30–$1.40 area places XRP at a key structural support that previously acted as a launchpad during earlier advances. The token is trading below short- and medium-term moving averages, which are sloping downward and acting as dynamic resistance. A longer-term average remains upward sloping but has flattened, signaling fading macro momentum.
Volume has moderated compared with the impulsive rally phase, though spikes during sharp declines suggest active distribution. A decisive break below $1.30 could open a deeper retracement toward $1.10–$1.20. Conversely, stabilization above current levels might allow for a relief bounce, but upside attempts are likely to encounter supply near the $1.80–$2.00 area unless reclaimed with strong volume.
Macro Backdrop: Range-Bound Bitcoin Weighs on Altcoins
Bitcoin’s lack of directional clarity has filtered through to altcoins, leaving assets such as XRP vulnerable in the absence of a stronger macro trend. With sentiment cautious and speculative participation subdued, price responses to exchange flows and technical levels may be more pronounced in the near term.
What to Watch
- Whether large-holder deposits on Binance translate into sustained selling.
- Defense of the $1.30–$1.40 support zone.
- A potential reclaim of $1.80–$2.00 with robust volume to shift momentum.
XRP is the native asset of the XRP Ledger, a decentralized blockchain designed for fast, low-cost cross-border transactions.