XRP Whale Wallets Add 2.8% as Binance Inflows Hit 18-Month Low, ETFs Take 4.89M XRP
XRP retook $1.16 as mid-size wallets accumulated, exchange inflows dried up and spot ETFs absorbed 4.89M XRP in a single reporting window.
XRP climbed back above $1.16 on July 22, its highest level in roughly two weeks, as on-chain data pointed to a widening gap between large holders and retail wallets. Santiment figures cited by BSCN show wallets holding between 100,000 and 100 million XRP added 2.8% to their balances over the past five weeks, while addresses holding less than 0.01 XRP shed 5.2% of their holdings over the same stretch.
Whale accumulation meets shrinking exchange inflows
The divergence between mid-size holders and smaller wallets is the kind of setup traders typically flag ahead of directional moves, since larger balances carry proportionally more market impact than retail flows. Accumulation alone is not a guarantee of higher prices, but it does suggest conviction among wallets sized to move markets at a moment when smaller participants are de-risking.
A second data point reinforces that read. Analyst Crypto Patel noted that whale deposits into Binance have fallen to their lowest level since January 2025, a signal that typically corresponds with reduced intent to sell on the open market. “Whale Selling Pressure Has Nearly Vanished,” Crypto Patel wrote on X, framing the $1–$0.70 range as a long-term accumulation zone and citing a $10 long-term target — a figure that remains an opinion rather than a forecast grounded in current market structure.
ETF desks add 4.89M XRP as Bitcoin dominates flows
Institutional flow data adds another layer. US spot XRP ETFs booked net inflows of 4.89 million XRP, worth about $5.66 million, during the latest reporting period, according to figures shared by Crypto Patel. That inflow was dwarfed by Bitcoin ETFs, which pulled in more than $203 million on the same day, but XRP still closed the session among the assets with positive net creations — a detail worth tracking given how thin altcoin ETF allocations have generally been relative to BTC vehicles.
Chart structure and RSI leave room to run
On the technical side, analyst MARMOT pointed to a chart structure resembling the setup that preceded XRP’s roughly 600% rally in 2024, laying out a step-based roadmap of $1.10, $1.30, $1.90, $2.80 and $3.40. Pattern recurrence is a useful reference point but not a standalone signal — liquidity conditions, macro backdrop and sentiment rarely repeat identically across cycles, so this comparison should sit alongside the on-chain and flow data rather than substitute for it.
The Relative Strength Index currently reads 54.993, comfortably below overbought territory near 70. A neutral RSI at this stage leaves technical headroom for XRP to extend gains without triggering an immediate overbought reversal signal, which traders will likely watch alongside whale wallet balances and daily ETF creation data over the coming sessions.
Read more: XRP Open Interest Rises 5.9% as Spot Flows Collapse Over 97% Across Exchanges