XRP Price Stabilizes at $1 as Whale Inflows Plummet
XRP price has stabilized around $1 as whale inflows to Binance hit their lowest level since 2021, according to CryptoQuant contributor Darkfost.
The three-month average of XRP whale inflows to Binance dropped to about $61 million in June, a significant decline from the peaks recorded last year. This reduction in exchange deposits typically leads to fewer tokens available for sale, which can be seen as a positive development for XRP.
However, Darkfost cautioned that lower selling activity alone cannot confirm a bullish reversal and emphasized that net flows remain positive at roughly $18.8 million, indicating large deposits still exceed withdrawals.
The daily RSI stood at 36, while the 4-hour MACD showed early improvement, suggesting easing downside momentum. A wedge breakout accompanied by Chaikin Money Flow moving above zero could provide firmer evidence that buyers are returning.