XRP Exchange Supply Surges 320 Million Coins in 7 Days

• On-chain data analysis shows the net supply of XRP on crypto exchanges has experienced a sharp uptick in the past few days.
• The XRP demand by whale investors has remained elevated in recent weeks amid ETF approval hype.
• The XRP/USD pair has signaled a bullish breakout after weeks of choppy consolidation.

More than 320 million XRP, valued near $950 million, moved onto major crypto exchanges over the past week, according to Glassnode data. The influx lifted total exchange balances above 3.8 billion XRP, reviving debate on whether whales are preparing to sell or staging for the next leg of the altseason 2025 run-up.

XRP Exchange Balances Spike Across Major Platforms

On-chain data from Glassnode shows the sharpest seven-day jump in XRP supply since early 2024. 

Balances climbed from 3.45 billion to 3.8 billion XRP between September 29 and October 5, while prices hovered near $3.10.

Which exchanges led to the XRP supply increase?

CryptoQuant data pointed to Binance and Bitfinex as the largest contributors to the build-up. Their wallet clusters showed sustained inflows through late September and early October as market depth improved.

On Binance, tracked balances climbed from about 2.9 billion XRP in August to around 3.5 billion XRP by Oct 5, 2025, a sizeable increase that lifted available liquidity for spot and derivatives pairs.

Related: XRP Price Prediction: Analysts Eye $3.60 Breakout As ETF Reviews Begin

On Bitfinex, balances rose from roughly 58.5 million XRP in June 2025 to about 164 million XRP by October, reinforcing the view that professional venues added inventory as volatility returned.

Are Whales Buying?

The net demand for XRP from whale investors has remained relatively high. Last week, on-chain data analysis from Santiment revealed that whale investors, with an account balance of between 100 million and 1 billion, purchased 250 million XRPs, thus increasing their holdings to 9.2 billion coins.

Additionally, whale investors, with an account balance of between 10 million and 100 million, purchased over 120 million coins, thus increasing their holdings to 7.9 billion XRP coins.

What’s the bigger picture? 

Fundamentals that matter

XRP remains one of the largest crypto assets by market value, supported by cross-border payments use cases and growing developer activity on XRPL. Recent court developments in Ripple’s case with the SEC improved clarity for some institutions, which helped sentiment even as the legal landscape continues to evolve. 

Multiple asset managers, including Grayscale and WisdomTree, have explored U.S. spot XRP ETF products and other fund structures. Any formal progress with the SEC would be a near-term catalyst that could redirect flows from exchanges into longer-term vehicles.

Ripple Labs has also inked strategic partnerships with several companies in different jurisdictions to facilitate the mainstream adoption of XRP and the XRPL’s ecosystem. For instance, Ripple Labs announced several partnerships last week to enhance the mainstream adoption of Ripple USD (RLUSD) across Africa.

Midterm Prediction

Supply and demand on centralized venues will guide price in the weeks ahead. The chart still shows choppy consolidation since mid-July, followed by a breakout and retest into early October.

However, XRP price has signaled a bullish breakout towards its all-time high (ATH). Notably, XRP price has recorded a bullish outlook amid the recent Bitcoin (BTC) price surge to $125.5k.

From a technical analysis outlook, XRP price has already retested its recent breakout from a falling logarithmic trend, which acted as a resistance in the past 2 months.

Related: XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider