Ripple (XRP) Whales Are Pulling Millions Off Binance: The $2 Level Is Back in Focus

XRP briefly surged past $1.7 before stabilizing near $1.4. While the token appears to have hit a wall after a massive rally, whale withdrawals from Binance have surged to their highest level in six months.

According to the latest findings by CryptoQuant analyst Darkfost, more than 231 million XRP have moved off the exchange by large holders. Whale Accumulation The withdrawals totaled more than $335 million in a single day, far above the 90-day average of roughly $40 million.

Darkfost described the move as both sudden and powerful compared with the recent trend, while pointing to a significant change in behavior among large XRP holders.

The surge in whale outflows comes as the crypto asset’s market capitalization increased by $25 billion over the past week, during which the token gained more than 40%.