Data analytics firm Cryptoquant shared analysis on June 9 indicating that large XRP transfers to Binance have declined after reaching a 2025 peak. The research found that transfers exceeding 1 million XRP, which remained consistently elevated between 2021 and 2025, have cooled alongside subdued activity in the 100,000-to-1 million XRP category. According to the analysis, on-chain data does not point to aggressive whale selling at this stage, with leverage liquidations and broader crypto market weakness cited as stronger explanations for recent price declines. The firm stated that if Binance inflows remain subdued, XRP could revisit the $1.8-to-$2 range as available selling supply decreases.
Binance Inflow Data Shows Reduced Whale Activity
The Cryptoquant research separated XRP Ledger deposits into Binance by transfer size, tracking movements from smaller transfers to those exceeding 1 million XRP. Transfers above 1 million XRP accounted for a significant share of XRP entering Binance and indicated active participation from whale and institutional-scale holders.
The analysis stated that on-chain data does not point to aggressive whale selling or widespread profit-taking at this stage. Large exchange deposits can signal potential selling pressure since holders often move tokens onto trading platforms before selling, but the latest Binance data does not show an unusual spike in the 100,000-to-1 million XRP or 1 million-plus XRP categories.
Earlier major downturns were often preceded by sharp increases in those same large-transfer bands. The absence of a similar surge means current Binance inflow data does not point to aggressive whale selling as the primary driver of the decline.
The research points to leverage liquidations and broader crypto market weakness as stronger explanations for the recent price decline. In severe bear markets, exchange inflows typically rise much faster as investors rush to move tokens onto platforms before selling.
XRP Trading at $1.14 with Recovery Potential
Exchange inflows have declined since the ETF approval referenced in the research. According to the analysis, that trend may signal a lower willingness among whales to move XRP onto Binance for potential sale. Whether that pattern persists will likely depend on activity in the 1 million-plus XRP transfer category, which remains a key measure of large-holder behavior.
The analysis stated that if Binance inflows remain subdued, the available selling supply could continue to decrease. Combined with stronger demand, this would make it easier for XRP to revisit the $1.8-$2.0 range.
Exchange deposits still require careful interpretation. They show XRP moving closer to a trading venue, but they do not prove completed sales. XRP can also trade across other venues, so Binance gives one important view rather than the full market picture.
The recovery case rests on supply and demand moving together. Whale-sized Binance deposits need to remain controlled, while stronger demand must absorb available supply before XRP can make a more durable push toward $2. As of writing, XRP is trading at $1.14.
FAQ
What did Cryptoquant's analysis show about XRP whale activity on June 9?
Cryptoquant's analysis shared on June 9 showed that large XRP transfers to Binance have declined after reaching a 2025 peak. The research found that transfers exceeding 1 million XRP, which remained consistently elevated between 2021 and 2025, have cooled, and current data does not show an unusual spike in large-transfer categories.
Why did XRP's price decline according to the Cryptoquant research?
According to the Cryptoquant analysis, the recent price decline is attributed to leverage liquidations and broader crypto market weakness rather than aggressive whale selling. The research stated that on-chain data does not point to widespread profit-taking at this stage.
What price range could XRP revisit according to the analysis?
The Cryptoquant analysis stated that if Binance inflows remain subdued, XRP could revisit the $1.8-to-$2 range as available selling supply decreases. As of writing, XRP is trading at $1.14.
