Key facts
- Approximately 1.6 billion XRP moved to Binance in the past 30 days, the highest level in six months.
- Binance XRP reserves are near 2.623 billion, a 69-day high.
- XRP's estimated leverage ratio on Binance reached 0.213, a seven-month high.
- Spot XRP ETFs have accumulated over $1.7 billion in net inflows.
- Analysts caution that large inflows do not necessarily confirm selling pressure.
XRP whale inflows to Binance have surged to approximately 1.6 billion XRP over the past 30 days, marking the highest level since March 2026, according to on-chain analytics firm CryptoQuant. This significant movement of large-wallet deposits onto the exchange reverses a months-long trend of declining inflows.
Binance's XRP reserves have also seen an uptick, nearing 2.623 billion XRP, a 69-day high. This shift from coins leaving the exchange to coins accumulating on Binance contrasts with earlier this year when inflows dropped to a four-year low. However, analysts, including CryptoQuant's Arab Chain, caution that these inflows do not automatically signal imminent selling. The movement could be attributed to trading activity, liquidity management, or wallet reallocation.
Further complicating the picture, XRP's estimated leverage ratio on Binance reached a seven-month high of 0.213, with longs outnumbering shorts roughly two-to-one. This crowded positioning increases sensitivity to potential selling pressure. Despite the increased exchange deposits, spot XRP ETFs continue to attract significant capital, with over $1.7 billion in cumulative net inflows, indicating ongoing demand from regulated vehicles.