Selling pressure on XRP is easing, as the latest on-chain data from the XRP Ledger network shows that whale deposits to the Binance crypto exchange hit the lowest level since 2021. According to CryptoQuant analyst Arab Chain, XRP might be gearing up for its next upward leg, should it overcome key resistance levels.
XRP whale inflows drop to lowest level since 2021
Over the past few days, there has been a dramatic decrease in XRP whale deposits to the Binance trading platform. Specifically, the amount of XRP coins sent to Binance has hit its lowest level in five years.
The whale transfer flow (30DMA) indicator tumbled to 48 million XRP before making some recovery and climbing back up to 56.1 million XRP. Both of these levels represent the lowest reached since 2021.
For the uninitiated, the 30DMA indicator is the average volume of large transfers from major wallets to crypto exchanges. The indicator is typically used to determine the whales’ selling intent.
Historic data indicates that any rise in the 30DMA indicator typically precedes large investors liquidating a portion of their holdings, increasing selling pressure on the cryptocurrency. On the contrary, a downward move by the indicator suggests a lack of intent among whales to sell their holdings.
If we turn back the pendulum a little, the XRP price shows parabolic price appreciation in the first half of 2021, where it hit a high of $1.79. However, the cryptocurrency went on to make its most recent high in July 2025, when it surged to $3.65, following the conclusion of its long-running regulatory feud with the US Securities and Exchange Commission (SEC).
Is XRP ready to skyrocket?
The 30DMA indicator shows a bullish tilt while XRP is range-bound around the $2.15 level, suggesting that the whales are likely silently accumulating at current levels, expecting price appreciation in the future.
In an X post, crypto analyst STEPH IS CRYPTO shared the following chart, which imposes a previously played-out fractal on the XRP price chart to predict its future trajectory. If this past pattern repeats, then XRP could skyrocket to as high as $225 by 2028.
However, XRP first needs to clear several key resistance levels before eyeing new highs. For instance, recently XRP got rejected at its 200-day moving average, at around $2.34.
