XRP ETFs Top $1B as Whale Binance Inflows Keep Price Under Pressure
XRP spot ETFs have accumulated over $1.14 billion in assets with no net outflow days, indicating steady institutional demand. Despite ETF buying, XRP formed lower highs and lower lows through December because large holders (100k–1M and 1M+ XRP) have been steadily transferring coins to exchanges—primarily Binance—per on-chain data from CryptoQuant and SoSoValue. These transfers are not one‑off dumps but a persistent ‘drip’ of supply that has outpaced ETF purchases, creating continuous sell-side pressure. Key technical supports to watch are $1.82–$1.87 (near-term) and $1.50–$1.66 (deeper). Traders should monitor large exchange inflows, cohort value bands shifting from accumulation to distribution, and spot-buyer demand; a sustained price recovery likely requires a marked reduction in whale deposits alongside stronger spot accumulation. Primary keywords: XRP, XRP ETF, whale selling, exchange inflows. Secondary/semantic keywords: Binance deposits, on-chain data, support levels, institutional demand.
Bearish
ETF AUM exceeding $1.14B signals institutional demand, but the dominant on-chain development is sustained large-wallet transfers to exchanges—mainly Binance—creating a steady supply that has outpaced ETF buying. This supply dynamic has driven XRP to form lower highs and lows, and the flows are described as a continuous ‘drip’ rather than a single crash, which implies prolonged selling pressure. Technical supports at $1.82–$1.87 and $1.50–$1.66 are likely short- and medium-term targets if inflows persist. Short-term impact: continued downward pressure and volatility as traders react to daily exchange deposits and potential stops near support levels. Mid- to long-term: price recovery requires a structural change — a sustained decline in whale deposits and a shift in on-chain cohort bands toward accumulation alongside stronger spot-buyer demand. Until those signals appear, the net effect remains bearish for XRP price action.