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The price of XRP has risen by around 3% in the past 24 hours, in line with the general improvement in the digital currency market, but attention has turned to the movements of whales after the Binance platform recorded huge monthly inflows averaging around 2.54 billion XRP.
Data shows that the average daily inflow of XRP into the platform from large wallets is about 50 million XRP, reflecting the return of activity by large investors after a period of relative decline.
The platform whale flow index is often used to measure potential changes in tradable supply, as increases in these transfers may indicate preparations for sales, strategic repositioning, or the use of assets as collateral in derivatives markets.
According to CryptoQuant data, the recent increase in the monthly average appears to be gradual rather than the result of one huge move, which may indicate that positions are being restructured in stages.
Historically, increased whale traffic has been associated with sensitive periods of XRP price movement, sometimes as a correction due to excess supply and sometimes as a precursor to sharp upward or downward swings.
Therefore, these flows could turn into additional selling pressure if spot demand remains weak.
However, if liquidity improves and market participation increases, these movements may reflect whales’ readiness for potential price movements.
However, technical indicators remain skewed negative.
The recently broken trendline has turned into resistance, and as the price falls below the pre-correction bottom, attention is now focused on the support levels of $1.11 and $0.87.
The $1.40 area remains a key resistance level. Continuing below this level is likely to keep the bearish momentum intact.
According to some analyses, the current area is not one to enter pending a test of lower support or a broader break above the $1.65 resistance.
At the institutional level, the U.S. spot XRP ETF saw no significant net inflows on February 20 and 23, while the Bitwise fund recorded a $3 million inflow on February 24, indicating limited activity to date.
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