XRP Exchange Inflows Surge as ETF Demand Weakens

| coinpaper.com
XRP exchange inflows climbed to 6.05 billion tokens in the 30 days to October 19, a seven-month high. A separate Binance measure recorded 1.669 billion XRP in whale deposits over 30 days, also a seven-month peak; the later report put Binance’s share of total exchange inflows at 40.7%, or about 2.46 billion XRP. These figures cover different datasets and should not be treated as directly interchangeable. XRP traded near $1.30 after falling 12.5% in October. Binance whale withdrawals averaged about $49.7 million over 90 days, the lowest level since October 2021. Separately, tracked exchange reserves rose by 83.94 million XRP from October 12 to 15, while Binance reserves increased by about 54.61 million XRP in the week to October 15. U.S. spot XRP ETFs recorded $1.84 million in weekly net outflows, ending a 13-week inflow streak; October inflows were about $10.25 million, down from $121.4 million in September. Rising XRP exchange inflows and weaker ETF demand may add to potential selling pressure, but deposits do not confirm sales and reserve figures cover different periods. Traders may monitor netflows, spot volumes, ETF activity and derivatives for evidence of a sustained change in demand.
Bearish
The combined indicators lean bearish for XRP, particularly in the short term. A seven-month high in exchange inflows, reduced whale withdrawals and weakening ETF flows may signal greater availability of tokens for trading and softer demand. With XRP already down 12.5% in October and near $1.30, traders may interpret further inflows or sustained spot selling as confirmation of additional downside risk, potentially increasing volatility. However, exchange deposits are not confirmed sales: tokens can be moved for custody, collateral, market-making or portfolio rebalancing, and the reported inflow and reserve figures use different time windows and datasets. If spot volumes do not rise alongside deposits, the bearish signal may be limited. Over the longer term, sustained net inflows, continued ETF outflows and weak price action would reinforce a negative demand picture; stabilising flows and a recovery in spot demand could instead reduce selling pressure. The news therefore points to downside risk, but does not establish a coordinated selloff.