XRP has faced significant selling pressure in October, declining 13.4% from $1.49 to $1.29, even as spot ETF inflows totaled $14.52 million. The token has retraced to the $1.25 demand zone, a level it previously tested in mid-September before rallying to $1.65.
On-Chain Signals Show Mixed Momentum
On-chain metrics reveal competing dynamics. The number of non-empty wallets on the XRP Ledger has risen steadily, and new wallet creation reached 4,772 in a single day—the fifth-largest spike since March. However, the share of exchange transactions exceeding one million XRP dropped from 60% to 38.6%, indicating reduced accumulation interest from large holders.
Whale Outflows Accelerate to Exchanges
Recent data shows a sharp increase in whale inflows to Binance, with the monthly average climbing from $72 million in August to $112.4 million—the highest level since March. Daily spikes have reached $400 million, reflecting intensified selling pressure from large holders. These figures exceed the $90 million monthly average recorded over the previous three months.
Technical analysis shows XRP has settled into a range formation, with traders watching the $1.27–$1.31 demand zone for potential bullish signals. Recovery prospects depend partly on whether whale inflows normalize or reverse direction.
