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XRP whale flows split between Binance and Coinbase
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XRP whale flows split between Binance and Coinbase

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XRP whale activity has returned to Binance while Coinbase is showing growing participation from smaller holders, highlighting a sharp divergence in trader behaviour across the two major crypto exchanges.

CryptoQuant data showed transactions involving more than one million XRP accounted for 57.6% of Binance outflows, the highest level since a 66% spike recorded on March 28.

The elevated whale activity has repeatedly appeared each time XRP trades within the $1.33 to $1.42 range, suggesting large holders are actively repositioning coins whenever the token enters that price zone.

Coinbase data painted a different picture, with whale-sized XRP outflows dropping to 14.8%, the lowest level since April 11, while mid-sized wallet withdrawals between 10,000 and 100,000 XRP increased sharply over the same period.

Analysts said the divergence suggests Binance is currently dominated by whale-scale positioning activity, while Coinbase is seeing broader participation from smaller and medium-sized traders.

XRP has continued consolidating below the $1.40 level after repeatedly defending support between $1.30 and $1.33 since February’s sharp market selloff, preventing a deeper breakdown despite broader crypto market weakness.

Trading volume has also continued declining compared with February levels, indicating reduced volatility and fading directional conviction as both buyers and sellers await a stronger market catalyst.

Technically, XRP remains structurally neutral-to-bearish while trading below major moving averages near $1.50, although analysts noted that a breakout above $1.45 could open the path toward the $1.60 region while a breakdown below $1.30 may trigger another retest of February lows.

At the time of reporting, XRP price was $1.36.

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