XRP Whales Cut Binance Sales; XRP Could Test $2
On-chain data from CryptoQuant researcher Pelinay suggests XRP whale selling on Binance has been easing since 2025. In particular, Binance transfers of 1M+ XRP started declining in 2025 and have kept trending lower in 2026, following a peak earlier in the cycle.
Pelinay links this to reduced profit-taking after U.S. approval of spot XRP ETF products. When 1M+ XRP inflows rise sharply in the past, the market often sees heavy selling pressure and notable drawdowns. At the time of writing, however, there is no comparable surge in the 1M+ XRP inflow category.
Still, XRP is trading around $1.10, down about 10% weekly and 5% in 24 hours. The article attributes the recent weakness mainly to leverage liquidations and broader bearish market conditions, not to an aggressive new wave of whale selling.
Key trader takeaway: XRP can only grind higher if demand strengthens while Binance inflows stay subdued. If the “renewed surge” in 1M+ XRP inflows does not return, the current market structure could remain constructive—potentially enabling a move back toward the $1.8–$2 range.
Bullish
The article is broadly bullish but conditional. It points to a structural improvement: XRP whale selling on Binance has been declining (notably the 1M+ XRP inflow category), and the typical “inflow spike → heavy selling pressure → drawdown” pattern is not currently repeating. That matters for XRP because it can support a tighter supply/stronger demand dynamic, which often precedes rebounds.
At the same time, price remains weak because leverage liquidations and overall bearish sentiment are still active. So the near-term direction is not guaranteed; traders should expect volatility until the market confirms demand.
Historically, when large-holder inflows stop spiking and profit-taking pressure eases, XRP-like assets have often moved from sell-pressure-driven weakness into mean-reversion rallies. Here, the cited target ($1.8–$2) is only supported if Binance inflows stay muted and liquidation pressure cools over the next sessions/weeks.