31M XRP flowed into Binance in one day, while Upbit saw 14.8M inflows as XRP trades near $1.35–$1.40 after a 40% YTD drop.
More than 31 million XRP flowed into Binance within 24 hours, while Upbit recorded another 14.8 million XRP in inflows during the same session.
The large transfers were led mainly by whale wallets, as XRP traded between $1.35 and $1.40 and continued to face selling pressure after a 40 percent correction this year.
Whale Activity Drives Binance Inflows
Blockchain data shows that more than 31 million XRP moved into Binance in a single day.
Wallets holding between 100,000 and over 1 million XRP accounted for most of the transfers. Large holders represented the dominant share of exchange deposits.
Whales in the 100,000 to 1 million XRP range were especially active during the session.
Addresses holding more than 1 million XRP also contributed heavily. Smaller retail wallets made up a minor portion of the total inflow.
Exchange inflows are often monitored as a measure of potential selling activity. When large holders move tokens to exchanges, markets may prepare for increased supply.
However, transfers do not always result in immediate sales.
Upbit Records 14.8M XRP in the Same Session
Upbit recorded 14.8 million XRP in inflows on the same day. Mid-sized wallets contributed around 58 percent of the total volume.
This activity added to the broader exchange movement seen across platforms.
At the time of the transfers, XRP traded within the $1.35 to $1.40 range. Order book data showed sell walls placed 1% to 3% above the spot price.
These resistance levels are being closely monitored by traders.
Analysts note that continued positive netflows between 20 million and 50 million XRP could signal ongoing exchange deposits.
Negative netflows, by contrast, may suggest accumulation and withdrawals to private wallets.
Related Reading: XRP Ledger Transactions Surge 40% to 2.5M as Network Activity Outpaces Price
Binance Supply Ratio Declines Despite Recent Surge
Despite the daily surge, Binance’s XRP supply ratio has declined over the past ten days. The ratio fell from 0.027 to 0.025 during that period. Around 200 million XRP left the platform in total.
The supply ratio reflects the share of circulating XRP held on Binance.
A lower ratio indicates that more tokens have been withdrawn than deposited over time. This trend occurred even as short-term inflows spiked.
XRP has corrected about 40% since the start of the year. Price volatility has coincided with changing exchange balances.
Market participants continue to track whale flows and supply ratios for short-term signals.
Source: https://www.livebitcoinnews.com/binance-sees-31m-xrp-surge-as-upbit-records-14-8m-more/
