XRP Price Trapped as Whale Activity Dries Up
The XRP price is currently trading at $1.07, having risen by +0.4% in the last 24 hours on Binance. Despite this minor increase, the asset remains stuck within a narrow band that has frustrated both bulls and bears for two weeks.
Whale activity on Binance has dropped to multi-month lows, which is unusual given the current price level. Large-transfer counts have also fallen sharply across every major value band, with both the 100K, 1M XRP and the 1M+ XRP cohorts recording declining inflows and outflows simultaneously.
The data suggests that the market is in a wait-and-see mode rather than building towards a directional move. However, macro news points to a constructive backdrop for XRP, including SWIFT's tokenized-payment pilot involving Ripple-affiliated banks and growing enterprise use of the XRP Ledger.