Analysis: Declining XRP whale inflows to Binance suggest easing sell pressure

An analysis suggests that selling pressure on XRP is gradually easing as inflows from large-scale investors, or whales, to Binance decrease. CryptoQuant contributor Arab Chain noted that in Binance's XRP inflow data, whales account for 60.3% of the total, while retail investors make up 39.7%. This proportion has been trending downward after peaking at over 70% in November and early December of last year. The contributor explained that whale movements coincide with XRP's price correction. The asset rose to $3.20 late last year but has since fallen to its current level of around $2.26. An increase in whale inflows to exchanges typically signals stronger selling, whereas a decrease indicates that selling pressure is subsiding. While the share of inflows from whales remains high, its gradual decline is considered a positive sign that lowers the risk of a sudden, large-scale sell-off. However, the analyst cautioned that a renewed increase in whale inflows could signal a market reversal and warrants close attention.