$XRP Whale activity of XRP has sharply increased: billions of dollars in tokens are arriving on Binance.

XRP whales are going to Binance

The activity of large Ripple holders on Binance serves as an important indicator for assessing market dynamics. According to an analysis by CryptoQuant, Binance is currently the largest platform for Ripple whales. These traders not only bet on the market but also influence its movement. At the same time, they continue to withdraw XRP to the exchange, even if this may lead to a price decrease.

Deposits from large Ripple holders on Binance often indicate key moments for the price of Ripple. For example, it reached a bottom between April 7 and 9, when inflows to the platform increased from 1.2 to 6.9 billion.

Similarly, the price marked a local maximum at the beginning of March when deposits increased from 700 million to 2.9 billion XRP,” noted Julio Moreno, head of the research department at CryptoQuant.