XRP Whale Activity Suggests Bearish Sentiment Amid Sideways Price Action

XRP has continued to trade sideways in recent times, its price stuck at around $0.90 after a sharp correction last week.

As it struggles to find direction, large holders are increasingly offloading tokens on exchanges, particularly Binance.

Data from CryptoQuant reveals that the whale-to-exchange activity on Binance has diverged significantly from previous years' patterns.

The trend was different until late 2024 when XRP began a rally from around $0.50 to above $2.50, and since then, large deposits have continued to surge.