Analyst Predicts XRP Price Breakout as Whale Inflows to Binance Hit 4-Year Lows
Tech Analyst Predicts XRP Price Breakout as Whale Inflows to Binance Hit 4-Year Lows XRP has been moving mostly sideways for almost three months now, but new on-chain data and technical analysis signal bullish sentiment among whales and institutions. A crypto analyst even sees a possible XRP price breakout ahead amid lower selling pressure on Binance. Whale Selling Pressure at Multi-Year Low on Binance CryptoQuants 30-day whale inflow indicator (Sum 30D) data shows XRP whale inflows to Binance have reached a four-year low. This indicates a clear shift in sentiment among major investors, with the broader crypto market witnessing notable gains. Whale inflows to Binance reached 2.6 billion XRP at the beginning of March. Such large inflows are typically associated with an increased likelihood of selling or repositioning. However, the data currently shows 736 million XRP moving to Binance. The low inflows signal that whales are less inclined to sell or prefer to hold the crypto asset off-exchange during the current bullish market. XRP Whale Flows to Binance. Source: CryptoQuant Historically, similar drops in whale transfers to crypto exchanges have preceded supply shock, which often leads to XRP price increases. As CoinGape reported earlier, XRP whales turned positive after months of selling. XRP price can rise significantly if whale