XRP Whale Withdrawals Surge Amid Price Rally and Derivatives Pressure

XRP has experienced significant whale withdrawals in recent days, with over 231 million XRP moved off Binance in one day. This outflow totals more than $335 million and represents a six-month high for large withdrawals from the exchange.

According to CryptoQuant analyst Darkfost, these sudden and powerful movements are far above the 90-day average of about $40 million. The market value of XRP has increased by $25 billion over the past week, with prices rising more than 40% during this time. Despite this growth, the derivatives market shows short-term pressure, with long liquidations reaching $4.66 million, up 31.82%, and short liquidations increasing to nearly $1.13 million.

Mastercard has announced its sponsorship of an upcoming XRP Ledger hackathon, which will focus on building and launching applications across various areas of the network. This event aims to bring developers together before Ripple's Swell conference and includes protocol innovation, agentic finance, lending, and borrowing tracks.