XRP Faces Critical Demand Test Amid Whale-Retail Dynamics Shift
- XRP is testing critical demand levels with selling pressure affecting its price.
- A CryptoQuant analyst noted a shift in Binance exchange flow data, indicating structural changes.
- The whale vs retail spread on Binance is at a low of 88.3%, suggesting a structural shift rather than temporary fluctuation.
- XRP broke below the $1.30 support, indicating renewed weakness and potential further decline towards $1.15–$1.20.
The current dynamics in XRP’s exchange flow on Binance highlight a significant shift in the balance between large and small holders, as evidenced by the low whale-retail spread repeated within the month. This change coincides with breaking key support levels, emphasizing potential for further price declines.
XRP’s structural changes in exchange flows and price action suggest that the market is undergoing a critical phase, with implications for future demand tests and price stability at lower support zones near $1.15–$1.20 range if current levels fail to hold (Source).
