XRP Price Slides to $1.33 as Whale Deposits Rise
XRP price fell about 2% to $1.33 on October 22 after failing to hold a move toward $1.40. CryptoQuant analyst Darkfost said the monthly average value of XRP transfers larger than 1 million tokens to Binance reached $112.4 million, the highest since March. These deposits may signal potential selling, but they do not confirm that tokens were sold.
U.S. spot XRP ETFs recorded just $708,520 in net inflows on October 21, following two sessions with no reported flows. The products’ 13-week streak of weekly inflows had already ended, with $1.84 million in net withdrawals for the week ending October 16.
Technically, XRP faces resistance around $1.38–$1.40. Support is near $1.30 and $1.25; a break below could expose $1.20. A trader also flagged a possible double top, though its projected $0.80 target depends on a confirmed break below $1.25. Separately, the XRP Ledger’s fixCleanup3_4_0 upgrade was delayed until November after validator support fell below the required threshold. Together, weaker ETF demand and elevated exchange deposits add near-term pressure to the XRP price, while key support levels remain important for traders.
Bearish
The news leans bearish for XRP in the short term. The token failed to reclaim $1.40, while reported large transfers to Binance rose to a seven-month high monthly average. Such deposits can increase traders’ concern about potential sell-side supply, although they are not proof of executed sales and may reflect custody or collateral movements.
ETF demand also appears to be losing momentum: the October 21 inflow was modest, and the recent end of a 13-week run of weekly inflows included net withdrawals. Similar combinations of weak fund flows and rising exchange deposits have often reinforced caution and selling in the near term, especially when price is already below resistance. Traders are likely to watch $1.30 and $1.25 closely; a confirmed break below $1.25 could worsen sentiment, while a recovery above $1.40 would weaken the bearish case.
The picture is not uniformly negative. Whale deposits have reportedly eased from September’s buildup, and transfers to exchanges do not necessarily become sales. The delayed XRP Ledger amendment is a development risk, but the article provides no evidence that it directly affects XRP’s market functioning. Over the longer term, ETF flow trends, exchange balances, validator support and broader market conditions will matter more than a single day’s price move. Overall, the indicators point to near-term downside risk, but do not establish a lasting trend.