XRP is trying to regain some ground after a rough patch, with the price eyeing a return to $2. The reason for optimism? New data suggests that big players, or whales, aren’t dumping their tokens on Binance.
On June 9, analytics firm Cryptoquant shared a look at how much XRP is flowing into Binance. The data breaks down deposits by size. There are small transfers, medium ones, and then the big ones — over 1 million XRP. Those large transfers are often a warning sign. If whales move a lot of coins to an exchange, they might be getting ready to sell. That usually pushes prices down.
But here’s the good news: Those big transfers haven’t spiked recently. In fact, they dropped after hitting a peak earlier in 2025. While XRP has been weak lately, the data doesn’t point to aggressive whale selling. Cryptoquant even said: “On-chain data does not point to aggressive whale selling or widespread profit-taking at this stage.”
What’s Really Behind the Weakness?
So if it isn’t whales selling, what’s causing the drop? The analysis points to two other culprits. First, there’s leverage. A lot of traders use borrowed money, and when prices fall, those positions get liquidated. That creates a cascade of selling, which isn’t really about whales at all. Second, there’s the broader crypto market. It’s been weak across the board, and XRP isn’t immune to that.
The report notes that in a real bear market, exchange inflows would be much higher. Everyone would be rushing to sell. But that’s not happening now. So the recent dip might just be a temporary hiccup, not the start of a larger crash.
Could XRP Hit $2 Again?
If the trend holds — if whales keep their coins off exchanges — the selling supply shrinks. That’s a good setup for a price recovery. Cryptoquant suggested that if Binance inflows stay low, XRP could revisit the $1.8 to $2 range.
Of course, it’s not automatic. Demand has to show up too. If people buy, the supply shortage pushes price up. The key figure to watch is still the 1 million-plus XRP transfer category. That’s the real signal for whale behavior.
There’s also a caveat: Binance data is just one piece of the puzzle. XRP trades on many exchanges. What happens on Binance doesn’t tell the full story. But it’s an important clue, and for now, that clue looks pretty good. As of writing, XRP is trading around $1.14.
