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According to “Santiment” data, large transfers on the Ripple network have increased significantly, with transaction volume jumping to more than $100,000, reaching the highest level in 3 months.
This suggests a return in activity from large investors (whales) amid falling prices, which could increase volatility in the coming days.
In contrast, XRP balances on the Binance platform continue to decline to approximately 2.6 billion coins, the lowest level since January 2024, which is generally understood to be a move of currencies to private wallets rather than preparing them for sale.
Other data also suggests that whale flows into the platform have declined since mid-December, lowering indicators of immediate selling pressure.
Looking at the price, XRP is currently trading near $2.13 after a daily decline of about 6%, but is still up about 16% on a weekly basis.
The takeaway from all of the above is that high activity with lower platform balances suggests that we are positioning and preparing for stronger price action rather than a direct selling wave, but the potential for short-term volatility remains.
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