XRP Whale Selling Pressure Eases Amid Plunging Binance Inflows

XRP's recent price drop may not be solely due to whale selling pressure as some analysts had suggested. According to CryptoQuant analyst PlineyPA, large-scale selling by whales is easing, and Binance inflows are plummeting.

The analysis cited the trend of Binance inflows, which peaked in 2025 and has been declining since. In previous major selloffs, inflows in the 100,000 to 1 million XRP range and above 1 million XRP surged, followed by price weakness. However, this time there was no similar spike signal during the correction.

PlineyPA said that the post-approval drop in exchange inflows could be seen as reflecting greater confidence among large holders. This suggests whales are less willing than before to cash out their holdings.

The analysis attributed XRP's recent correction to leveraged-position liquidations and overall market weakness, rather than whale selling pressure. PlineyPA noted that the on-chain data currently shows no sharp rise in exchange inflows during the correction.