XRP Whales Shrink Supply on Binance as Price Reclaims $1.13

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XRP has returned to positive territory and is now trading above $1.13, with onchain metrics turning bullish. According to data from analytics platform CryptoQuant, whale inflows to Binance have dropped by 95%, falling from 583 million XRP (approximately $1.36 billion) to just 25.3 million XRP (approximately $23 million). The 90-day average of whale inflows on the exchange has also declined, from roughly $460 million in January to approximately $69 million today. This sharp decrease suggests that large holders are regaining confidence and holding their tokens, reducing the available supply on Binance, which could set the stage for a major price breakout.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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