XRP Price Plunged 20% Amid Significant Whale Inflows to Binance

A significant movement of Ripple’s XRP token by large-scale investors to the Binance exchange throughout October coincided with a steep price drop for the digital ￰0￱ from the first two weeks of the month shows that whale activity shifted from a period of calm in September to aggressive depositing, creating substantial selling pressure that pushed the price down approximately 20% from its early-October ￰1￱ Selling Sends XRP Tumbling From $3.1 to $2.4 CryptoQuant analyst Arab Chain pointed out that the movement peaked between October 10 and 12, coinciding with a drop in XRP’s price from around $3.10 to $2.40 within ￰2￱ to them, the pattern signals that whales may have been locking in profits or hedging after last week’s volatile rebound.

“This pattern is often interpreted as an indicator of whale-driven selling pressure, as increased flows to centralized exchanges typically reflect intentions to sell or take profits, especially when accompanied by a decline in price.” The inflows marked a reversal from September’s calm, when exchange transfers were ￰3￱ market technician noted that each wave of heavy inflows matched with a steep price correction, suggesting direct market impact from whale ￰4￱ inflows began to taper after October 11, XRP stabilized near $2.60, indicating the end of the intense liquidation ￰5￱ shift reflected the asset finding a temporary equilibrium as liquidity exited the ￰6￱ on-chain data is supported by findings from market commentator Ali Martinez, who reported on October 14 that whales had sold 2.23 billion XRP tokens since October ￰7￱ divestment, worth about $5.5 billion, has reduced the group’s collective holding to 12% of the asset’s circulating ￰8￱ a substantial sell-off from influential market participants often creates anxiety among smaller investors and can lead to increased market supply without a corresponding rise in ￰9￱ Split as Technical Signals Flash Mixed Outlook At the time of writing, XRP had seen a 3% increase in the last 24 hours, bringing its price back up to $2.52.

However, it remains down 11.1% over the past seven days and 17% monthly, according to CoinGecko ￰10￱ downturn occurred despite a powerful 160% recovery from lows near $1.00 recorded on October 13, a bounce that followed the $19 billion crypto liquidation event from last weekend. However, not everyone agrees on the integrity of current price ￰11￱ EGRAG CRYPTO, writing on October 14, criticized inconsistencies across exchanges such as Binance and Coinbase, claiming that distorted data led to exaggerated ￰12￱ said that going forward, They would rely on an aggregated “Crypto Data Set,” and identified $1.40 as the new baseline for XRP’s long-term ￰13￱ a technical perspective, they also identified $2.65 as a critical level for the Ripple token to overcome.