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Roughly 691 million XRP moved onto Binance in a single day, worth more than $900 million, the largest daily whale inflow the exchange has seen since 2024, Coinpedia reported on Nov 9. The spike came as XRP’s price dropped below $1.30, and it exceeded the previous record set during February 2026’s market capitulation.
The 90-day average of whale inflows has also risen above $100 million a day, its highest level in nearly six months, according to Coinpedia. Blockonomi reported that market analyst Darkfost flagged the transfer data on X, describing the day as the biggest inflow since 2024 and noting that XRP trades more than 67% below its latest all-time high.
Also readXRP Withdrawals Hit 55.75% on Binance as Whale Spread Widens
Key facts
- About 691 million XRP, valued at over $900 million, entered Binance in one session, per Coinpedia.
- The 90-day moving average of XRP inflows has climbed above $100 million daily, the highest in nearly six months, Blockonomi reported.
- CoinGecko data cited by Blockonomi put XRP at $1.08, down 6.91% in 24 hours and 12.97% over seven days, with 24-hour volume of $1,857,631,643.
- Blockonomi reported that approximately 233.5 million XRP were stolen in Binance’s October 29 security breach, a possible partial explanation for replenishment transfers.
- Technical analyst CasiTrades identified $1.10 as key Fibonacci support, with $1.00 and $0.90 as lower levels, per Blockonomi.
Deposits are not sales
Tokens sent to a centralized exchange become available for trading, so large inflows can precede selling. But an inflow only records a transfer, not an executed trade. Whether holders placed sell orders or simply parked XRP on Binance is not visible in the data, and spot sales plus trading volume give a clearer read on actual market pressure.
The timing has drawn attention because the deposits accelerated as the price slipped below $1.30. Holders facing falling prices may move tokens to exchanges to cut exposure or lock in remaining gains, though transaction data alone cannot establish intent. Darkfost also raised the possibility that some transfers reflect Binance rebuilding reserves after the October 29 breach, in which roughly 233.5 million XRP were stolen; the available figures do not confirm that explanation.
Also readEvernorth picks Ripple, Kraken, Coinbase, BitGo for 473M XRP treasury
What the $1.10 level means
CasiTrades said on X that XRP had reached the $1.10 Fibonacci support area, which lines up with the local 0.854 retracement and the macro 0.786 retracement, Blockonomi reported. The analyst warned the relative strength index still points to strong selling momentum and expects a possible retest or a break below $1.10 if sellers stay in control, with $1.00 and $0.90 as the next downside levels. CasiTrades also said Bitcoin looked vulnerable to further declines, which could weigh on crypto markets generally.
Why it matters
Rising exchange inflows signal potential supply, which matters to holders deciding whether the recent decline has run its course. The last comparable spike occurred during February 2026’s capitulation, so a repeat on this scale invites comparison with that episode. For now, the $900 million figure is a warning about possible pressure, not evidence of a confirmed whale sell-off. Deposits will only translate into real market impact if they are matched by executed spot sales and rising volume.
What to watch
The key signal is whether Binance deposits turn into actual spot selling, which trading volume would reveal. Traders will also watch whether buyers defend the $1.10 Fibonacci support level or whether price tests $1.00 and $0.90, with Bitcoin’s direction as an additional influence on XRP’s next move.
This article is not financial advice, and crypto markets are volatile and uncertain; readers should do their own research before making investment decisions.
Sources: Coinpedia, Blockonomi
