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Crypto whales are building fresh momentum after months in the doldrums. XRP traders are set to lead the recovery specifically on the altcoin front, as on-chain metrics and historical data align for the asset. This comes after the entire market has been stuck in limbo, with top assets plunging into double-digit losses.
XRP Whales Mark Major Shift
Large crypto holders are beginning to move assets out of certain exchanges, strengthening signs of a major uptick. New CryptoQuant data shows a major outflow from whales on Binance this month.
Transfers above 1M XRP jumped to 52% from 49% in June, signaling improved sentiment. Whales holding between 100k and 1M XRP also recorded a 7% increase in transaction volume. While this shows outflows from the largest centralized exchange by trading volume, other platforms saw outflows.
Coinbase whale outflows dropped from 31% to 10% in the same period, while wallets holding 100k to 1M XRP also fell to 16% from 27%. However, volumes on Binance are significantly higher than Coinbase, with traders expecting stability.
Massive whale outflows from centralized exchanges often signal improved market conditions, as users target long-term holdings. Assets on exchanges are easier to sell, so inflows usually seem like potential sales.
 
Traders often form patterns from these movements, gauging long-term sentiment, especially among large holders. These traders influence retail markets even in bear phases. CryptoQuant analysts hinted that the key point is the divergence between data from the two exchanges.
“For traders, the key point is the divergence. XRP whale outflows are not moving uniformly across exchanges. Binance is showing rising large-holder withdrawal dominance, while Coinbase is showing a clear pullback in its biggest outflow segment. If Binance reserves continue falling while large outflow shares remain elevated, this could become an important signal for XRP supply tightening on the exchange side.”
Last week, XRP defied odds to record institutional gains amid outflows in Bitcoin and Ethereum. This shows steady whale momentum as investors are keen on a rebound. Signs of this can also be seen in whale accumulations, although short of last year’s volumes.
XRP price stands at $1.12, down 0.87% today amid market pressure, but positive whale sentiment could be a major turning point for the asset.