XRP Whales Flood Binance With Massive Deposits – Selling Pressure Mounts

XRP continues to face pressure as bulls struggle to push the price back above key resistance ￰0￱ weeks of declines, market sentiment remains fragile, with many traders questioning whether the altcoin can find solid footing. However, some analysts still see potential upside — provided XRP manages to reclaim higher levels and attract renewed buying ￰1￱ Reading: The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit Fresh data from CryptoQuant sheds light on an important dynamic unfolding behind the ￰2￱ the beginning of October, a clear shift has emerged in the behavior of XRP ￰3￱ to the Whale-to-Exchange Flow chart for Binance, a surge in large deposits began on October 1st and persisted until October 17th, marking one of the most active periods of whale movement this ￰4￱ pattern typically signals mounting selling pressure, as large holders transfer assets to exchanges either to take profits or manage risk.

Yet, for some analysts, these flows may also indicate repositioning — whales preparing for the next major move once volatility ￰5￱ on-chain activity rising and price volatility tightening, XRP now finds itself at a pivotal point where the next breakout — or breakdown — could define the rest of October’s ￰6￱ Whale Activity Signals Selling Pressure According to insights by CryptoOnchain, the surge in XRP whale activity reached its peak on October 11th, when Whale-to-Exchange Transactions climbed to nearly 43,000 — one of the highest levels recorded this ￰7￱ a sharp rise in inflows to centralized exchanges like Binance typically signals mounting selling pressure, as large holders prepare to liquidate positions, secure profits, or hedge against further downside ￰8￱ wave of whale transfers aligns closely with the broader price ￰9￱ early October, XRP’s market structure has weakened, confirming that these on-chain movements were not random but rather part of a larger distribution ￰10￱ comparing data, the timing is striking: the escalation in exchange deposits directly corresponds with a sharp price drop from above 3.0 to roughly 2.3, underscoring the weight of institutional or high-net-worth ￰11￱ coordinated behavior among large holders often sets the tone for short-term market direction.

Historically, heavy whale inflows tend to precede local bottoms, as the liquidity created by sell pressure eventually attracts new buyers. However, for now, this pattern reinforces caution — suggesting that XRP remains under pressure until the outflow-to-inflow ratio flips back in favor of ￰12￱ selling eases and outflows rise again, it could mark the early stages of ￰13￱ then, whale behavior remains a key signal to watch, especially as the asset attempts to recover from one of its steepest declines in recent ￰14￱ Reading: XRP DEX Volumes Surge As Price Plunges: Smart Money Accumulating? XRP Price Analysis: Bulls Struggle to Regain Momentum XRP is showing signs of short-term stabilization after weeks of selling pressure, trading around $2.42 at the time of ￰15￱ recent bounce from the $2.30 support zone suggests that buyers are attempting to defend this key level, but the broader structure remains ￰16￱ chart shows that XRP continues to trade below its 50-day and 100-day moving averages, signaling that the short- to mid-term trend remains ￰17￱ price failed to reclaim the $2.60–$2.70 resistance range, which now acts as a major supply zone following the sharp decline from early October highs near $3.0.

The 200-day moving average, currently hovering around $2.55, is also capping upside momentum, reinforcing the difficulty for bulls to regain ￰18￱ Reading: Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest If XRP closes above $2.60, it could open the door for a retest of $2.90. However, losing the $2.30 support would expose the next key level near $2.00, where the market may attempt to find stronger demand. Overall, XRP remains in a delicate position — oscillating between potential recovery and further downside ￰19￱ coming sessions will be decisive, as price action consolidates under heavy whale-driven selling pressure and uncertain ￰20￱ image from ChatGPT, chart from ￰21￱