XRP Whales Flee Binance as Price Fluctuates Near Critical Resistance

XRP whales are withdrawing massive amounts from Binance, significantly reducing the exchange's supply. This trend suggests that large holders are moving their assets to private wallets or long-term storage, which could reduce selling pressure and tighten supply. With XRP trading around $1.07, this could amplify price movements if demand rises.

The Binance XRP supply ratio is at a low 0.03, and the addition of new utilities like borrowing Ripple's RLUSD stablecoin without selling XRP adds to long-term holding incentives.

Technically, XRP is near a critical resistance level, and a breakout could trigger a strong rally, making this a key moment to watch for potential major price moves.