XRP Faces Short-Term Risk as Whale Inflows Hit Binance
- Over 31 million XRP flowed into Binance on February 21, driven by large holders.
- The largest inflows came from wallets holding between 100k–1M XRP and over >1M XRP.
- Potential sell-side pressure is estimated at nearly $45 million, raising short-term market risks.
- XRP’s price fell to $1.33 following the inflow spike, with a slight recovery to $1.3947.
The significant inflow of XRP to Binance suggests increased potential sell-side pressure amid weak market momentum, particularly affecting altcoins as Bitcoin remains rangebound.
This whale-led activity could impact XRP’s price stability in the near term due to concentrated supply at a highly liquid venue like Binance (Source)
