XRP Pullback Linked to Leverage Liquidations, Not Whale Activity
- XRP inflows to Binance have declined, particularly in million-token transfers.
- No significant increase in large deposits from whales or institutional wallets has been observed.
- Current sell-off is attributed to leverage liquidations and broader market weakness.
- XRP traded at $1.1444 at the time of reporting.
The analysis indicates that the recent decline in XRP price is not driven by whale dumping but rather by leverage flushes and market conditions. The absence of large XRP inflows to exchanges suggests reduced selling pressure from major holders.
This trend implies that if low inflow levels continue, selling supply may decrease, potentially stabilizing the price around $1.8-2.0 with increased demand (Source).
