Ripple's native token is experiencing a notable downturn despite significantly reduced whale activity on the Binance exchange. According to data from the XRP Ledger (XRPL), large transfers to Binance have dropped to their lowest levels since 2021. While this often signals reduced selling pressure, the XRP price has still slipped to a three-day low.


Whale Transfer Flow Drops to Historic Lows

CryptoQuant analyst Arab Chain recently highlighted a sharp drop in XRP whale activity on Binance. According to the latest analysis, the Whale Transfer Flow – a metric that tracks large token transfers to exchanges – dropped to just 48 million XRP before slightly rebounding to 56.1 million.

This metric is commonly used to gauge whether major holders are preparing to sell. Typically, large transfers to exchanges suggest increased selling pressure, while lower flows indicate the opposite – less supply hitting the market, which is often seen as bullish.

Interestingly, this drop in whale activity coincided with a recent surge in XRP price, suggesting whales may be choosing to hold rather than sell. In previous market cycles, such a decline in whale activity led to sharp price rallies due to reduced supply on exchanges and increased demand.

This time, however, the trend appears different. Despite the lack of strong selling pressure and limited availability of XRP on trading platforms, the token is currently declining in value. At the time of writing, XRP trades at $2.07, down 1.45% on the day and 2.65% over the past week. However, it remains up roughly 7% over the past month.

The downward momentum is largely attributed to broader weakness in the crypto market. Over the last 24 hours, the total cryptocurrency market cap has slipped by 1.09% to $3.23 trillion. Major assets including Bitcoin, Ethereum, and Solana are also showing bearish price action in line with the overall market trend.

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