Binance Whales Scoop Up XRP..."A Huge Surge Is Coming Eventually"

▲ XRP / AI Generated Image

Aggressive accumulation of XRP has been detected on Binance, the world's largest virtual asset exchange, raising expectations for a price rebound.

NewsBTC reported on April 12 (local time) that an analysis of recent Binance on-chain data revealed large holders are rapidly absorbing XRP volumes. As the price remained in a specific range, whales mobilized large amounts of capital to buy, drawing market attention.

The movement of whales was prominent at a specific price range. Whales used the sideways trading range of XRP to withdraw assets from exchanges or execute large-scale transfers between wallets. Such actions are interpreted as accumulation for long-term holding. Notably, the number of addresses holding more than 10 million XRP has significantly increased, exacerbating the shortage of circulating supply in the market. The actions of large investors serve as a powerful force supporting the price floor.

This trend is contrary to that of small wallets, classified as retail traders. While retail investors have been swayed by recent volatility and are offloading their holdings, whales are using this as an opportunity for low-price buying. The supply-demand imbalance will serve as a foundation for strong momentum during future price increases. The XRP holdings indicator on Binance has recorded its lowest level in recent months, showing a significant reduction in selling pressure.

Experts analyze that this accumulation phenomenon is a result of Ripple securing legal clarity and increased demand for cross-border payments. They explain that as the likelihood of adoption by institutional financial organizations grows, large capital is moving to preemptively secure positions. Large withdrawals from Binance signify that assets have moved to secure personal wallets or custodial services, which supports strong market confidence.

XRP has also reached a critical technical inflection point. The direction is expected to be determined at the intersection of the average purchase price of the accumulating forces and key resistance levels. If the aggressive actions of whales continue, it is expected to soon break through psychological resistance levels and enter new price ranges. Market participants are monitoring changes in exchange balances and fund flows of large wallets in real-time, preparing for the next rally.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*