Ripple Whales Unload Millions as XRP Seeks New Price Target

Ripple (XRP) investors are witnessing a significant trend as whales withdraw millions of dollars' worth of XRP from Binance. According to CryptoQuant analyst Darkfost, more than 231 million XRP have been moved off the exchange by large holders in a single day.

This represents an increase of over $335 million and is far above the 90-day average of roughly $40 million. The surge in whale outflows comes as the crypto asset's market capitalization increased by $25 billion over the past week, during which the token gained more than 40%.

Darkfost described the move as both sudden and powerful compared with the recent trend, while pointing to a significant change in behavior among large XRP holders. If this accumulation trend continues, he said the asset could potentially test the $2 level within a relatively short period.