XRP Faces Short-Term Pressure as Whale-Driven Exchange Inflows Spike

XRP's recent performance has been marred by a significant spike in exchange inflows to Binance, with data suggesting that this move is largely driven by large holders. According to CryptoQuant contributor Darkfost, the influx of over 31 million XRP on February 21 has resulted in a sudden increase in potential sell-side supply.

The chart shared by Darkfost shows a clear outlier on February 21, with total inflows jumping to more than 31 million XRP. The stacked bars are dominated by the 100k-1M XRP and >1M XRP cohorts, indicating that large holders are behind this move.

The distribution of inflows reinforces that this event was whale-led rather than diffuse, with mid-sized wallets contributing relatively little to the spike. In practical terms, this matters because large-holder exchange inflows are often watched as a proxy for potential intent to sell, even if inflow alone does not confirm execution.