Binance Whale Activity: XRP Deposits Soar as Price Falls

Large XRP deposits on Binance continued unabated from late 2024 through 2026, even as the XRPUSD spot CFD price fell. This indicates sustained whale activity in the market despite downward price pressure.

The trend of high XRP deposits on Binance has been observed over a prolonged period, suggesting that institutional investors or whales are accumulating XRP in anticipation of future gains. The price of XRPUSD has not reflected this accumulation, however, and instead has declined.

Peter Brandt, a trader, has expressed his preference for avoiding the XRPUSD pair and would swap a large XRP position into Bitcoin if he were to hold it. This view is in line with market sentiment, which suggests that investors are increasingly turning to safer assets like BTC during times of market uncertainty.