XRP recorded a mild 3% daily gain, but on-chain data show a sharp increase in whale transfers to Binance. The 30-day average of large-wallet inflows has climbed to about 2.54 billion XRP, with roughly 50 million tokens moving to the exchange each day. Such deposits typically suggest major holders are preparing to trade, hedge or sell, which can raise the amount of supply available on the market and increase volatility.
Analysts note the buildup looks gradual rather than a one-off transfer, a pattern that in the past has often preceded price swings or corrections. Despite the short-term uptick, technical signals remain weak, with resistance forming and key supports near $1.11 and $0.87, indicating bears still hold control unless demand strengthens.
