XRP Whales Are Back, But Rising Binance Supply Raises a Key Question
XRP reserves on Binance hit a multi-month high while whale flow turned positive, suggesting large investors might absorb the increased supply.Summary
XRP reserves held on the Binance exchange have reached their highest level since November 2025, climbing to approximately 2.78 billion tokens after a prior decline. While an increase in exchange reserves typically suggests greater tradable supply, analyst Arab Chain notes this doesn't automatically imply selling pressure, as it can also reflect increased trading activity.
More significantly, on-chain metrics show that XRP's 30-day moving average for Whale Flow turned positive in March for the first time since November 2025, indicating that large holders have shifted from net distribution to net accumulation. This potential buying pressure from whales could absorb the newly available liquidity from Binance without causing significant downward price pressure.
These developments coincide with XRP rallying alongside the broader market, trading at $1.58 at press time. The key question remains whether sustained whale accumulation can support the price against the backdrop of rising exchange supply as the month progresses.
(Source：BeInCrypto)