$XRP Whales Continue to Dump Tokens on Binance Amid Price Decline

$XRP has continued to struggle with mixed signals as its price remains relatively flat. However, beneath this stagnant surface, significant whale activity on Binance is providing a bearish signal for the asset.

The data from CryptoQuant shows that deposits from large $XRP holders have yet to return to pre-2024 levels despite the decline in price. This trend suggests that whales are continuing to offload tokens onto exchanges.

$XRP has recently retested its multi-year low at around $0.90, a significant drop from its Q1 2025 high above $3. The asset's market value has been affected by the broader market volatility, which is causing $XRP to lose ground.