Key Insights:
- Over 31 million XRP crypto moved to Binance in one day, raising short-term sell pressure concerns.
- Largest XRP whale cohorts led the transfers, accounting for nearly $45 million in potential supply.
- XRP Ledger leads the treasury product market cap among major networks, nearly double that of Ethereum.
Ripple whales recently moved more than 31 million XRP to Binance, raising fresh concerns about near-term price pressure. The large transfer came as the broader market lacked direction and altcoins struggled to gain strength, placing XRP at a delicate point in its current correction.
XRP Crypto Whales and Market Action
Data shared by CryptoQuant Analyst Darkfost showed that over 31 million XRP were transferred to Binance in a single day. Binance remains the preferred venue for large trades due to its deep liquidity and high trading volume.
Notably, the scale of the transfer has drawn attention because movements to exchanges often signal possible selling.
When coins leave private wallets and head to trading platforms, it can mean holders are preparing to offload part of their positions. More importantly, a closer look at the distribution shows activity across several wallet groups. Addresses holding between 100,000 and 1 million XRP moved about 14.2 million coins.
Wallets with more than 1 million XRP transferred roughly 14.4 million coins. Smaller holders also took part, but the bulk of the volume came from the largest cohorts.
In total, the potential sell-side pressure tied to this movement is valued at close to $45 million. For a market that has already been under pressure, that amount is significant in the short term.
This development comes at a time when Bitcoin continues to trade within a narrow price range. The lack of strong momentum in Bitcoin has limited clear direction across the wider market. As a result, many altcoins have underperformed.
XRP crypto has been part of that trend, facing difficulty in regaining upward strength during its ongoing correction. More significantly, if the newly transferred XRP is sold gradually, the impact may be absorbed without major disruption.
However, if a large portion is sold within a short window, price recovery could slow further. Traders are now watching exchange balances and order books closely for signs of sustained selling.
XRP Ledger Positioning In The Market
While short-term pressure builds, there is a separate narrative forming around the XRP Ledger. Recent figures show that the XRP Ledger is leading in treasury product market capitalization among major blockchain networks.
The network currently holds about $61.7 million in this segment. In comparison, Ethereum stands at $30.6 million, while Solana and Arbitrum trail far behind with much smaller figures. This places the XRP Ledger at nearly twice the level of Ethereum in that specific category.
The data suggests growing interest in using the network for tokenized treasury products and similar financial instruments.
Supporters argue that this positions the XRP Ledger at the intersection of real world assets and compliant liquidity.
In practical terms, it signals that institutions are exploring ways to issue and manage tokenized assets on the network. This institutional angle stands in contrast to the short-term trading pressure seen on exchanges.
On the one hand, Ripple whales are moving large sums, which may increase volatility. On the other hand, the underlying network shows steady growth in a key financial segment. The balance between these forces could shape the medium-term path for XRP crypto.
XRP Crypto in History: What Does the Future Hold
A look at past performance shows that the XRP price has experienced wide swings over the years. Quarterly data reveals that in 2023, the first quarter delivered a strong return of 58.8%.
In 2024, the first quarter gain slowed to 2.37%, and in 2025, it stood at 0.45%. In 2026, the first quarter is now showing a 24% decline. Monthly returns also reflect volatility. There was a 46% gain in 2025, followed by a 10.6% drop in 2026.
Earlier years include a 20.1% rise in 2023 and a 25.6% decline in 2022. These figures underline a pattern. XRP crypto tends to move in sharp cycles, with strong rallies followed by corrections. As of this writing, XRP crypto is trading at $1.39.
For now, attention remains fixed on exchange flows and overall market direction. The next phase for XRP will likely depend on whether recent inflows mark the start of sustained selling or a short-lived shift in positioning.