More than 31 million XRP moved into Binance in a single day, according to CryptoQuant data cited in the report. The inflow is worth about $45 million in potential sell-side liquidity, putting short-term pressure on XRP under a brighter spotlight. Binance remains a common destination for large repositioning flows because of its deep liquidity, and this latest transfer was driven mostly by whale-sized wallets.
Largest wallet groups made up almost all of the inflow
The transfer breakdown shows that small holders contributed very little to the total. Wallets moving less than 1,000 XRP accounted for 6,543 XRP, while the 1,000 to 10,000 XRP cohort sent 73,630 XRP. Transfers between 10,000 and 100,000 XRP totaled 2,938,809 XRP. The two biggest groups dominated the picture: wallets sending 100,000 to 1 million XRP moved 14,236,825 XRP, and wallets sending more than 1 million XRP moved 14,494,865 XRP.
That distribution matters. Nearly the entire 31 million XRP came from the two largest cohorts, pointing to concentrated positioning by big holders rather than scattered exchange deposits from smaller accounts.
Price sits near support as realized losses climb
XRP was trading around $1.38 at the time of the report, down about 0.78% over 24 hours. The daily move may look limited, but the broader on-chain picture is heavier. Realized losses in XRP reached $1.93 billion over the past week, described as the biggest capitulation wave since 2022.
The wider crypto market has also been under strain. The report points to uncertainty around upcoming U.S. tariffs and rising geopolitical tensions as factors pushing investors toward risk-off positioning. Bitcoin fell harder, and XRP followed the broader market direction.
Public criticism of Ripple adds to the tension
Market sentiment was also hit by comments from longtime crypto investor Crypto Bitlord, who criticized Ripple and said XRP holders had “never benefited” while the company allegedly sold billions of dollars worth of tokens to fund acquisitions. The remarks were made in response to an older post from Ripple CEO Brad Garlinghouse about the company’s acquisition of Hidden Road, which has since been rebranded as Ripple Prime.
The report also notes that these claims remain controversial and should not be treated as an official market conclusion. They reflect frustration from part of the investor base, not a settled judgment on XRP or Ripple.
Key levels now sit at $1.35, $1.46 and $1.30
On the chart, XRP recently retested support near the February 11 low around $1.35, where buyers stepped in again. The rebound, though, has been weak. For bulls to regain control, XRP needs to break above the first resistance area near $1.46 to $1.47. A move above $1.51 would improve short-term sentiment.
On the downside, failure to hold the $1.30 support zone would leave the next major level near $1.20. The report adds that a break below that area could intensify selling pressure, especially with tariff implementation expected on February 24. For now, whale inflows into Binance show positioning activity, but they do not by themselves confirm that a crash has begun.