Large Ripple (XRP) holders transferred $112.4 million in tokens to Binance, marking a seven-month high in whale inflows as prices traded near $1.33 on October 22, 2026.
Whale Transfers Spike Following 30% Rally
Data compiled by crypto analyst Darkfost shows that transactions exceeding 1 million XRP sent to Binance hit their highest volume in seven months. Monthly average inflows increased by approximately $72 million, compared to the previous three-month average of roughly $90 million, with single-day spikes topping $400 million during peak transfer periods.
This spike in exchange deposits coincided with a broader XRP price rebound of more than 30% since August. The heavy inflows indicate that large entities utilized the multi-week price recovery to take profits. However, recent tracking indicates that transfer volumes are returning toward baseline levels, signaling that immediate large-scale selling pressure may be abating.
Key Support and Resistance Levels for XRP
At the time of reporting, XRP trades near $1.33 with a 24-hour range spanning $1.32 to $1.40 and a total market capitalization near $84 billion. Technical analysts remain divided on the token's next directional move following its recent attempt to clear overhead supply, similar to prior movements seen when XRP rebounded to test descending channel resistance.
According to analysis from CryptoBusy, XRP is testing a descending resistance trendline on the four-hour chart after climbing from $1.26 toward $1.40. After briefly pulling back toward $1.34 and sitting at $1.33, a confirmed breakout above the $1.38 to $1.40 resistance band could open targets at $1.45 and $1.50. Conversely, failing to defend $1.33 risks a decline toward $1.30 or a retest of $1.26, avoiding the deeper downside outlined when XRP faced risks of retesting lower structural support.
Other analysts have offered varying trajectories. EGRAG Crypto outlined a potential pullback toward $1.18 prior to a secondary rally aiming for $1.63 and $1.80. Meanwhile, analyst Ali Martinez project an immediate target of $1.55 if current support levels remain intact.
Key Takeaways
- Whale Inflows: $112.4 million in XRP transferred to Binance, marking a 7-month high for transactions over 1 million XRP.
- Market Metrics: XRP holds an $84 billion market cap, trading near $1.33 within a 24-hour band of $1.32 to $1.40.
- Technical Thresholds: Overhead resistance sits between $1.38 and $1.40, with immediate support at $1.33 and lower targets at $1.30 and $1.26.
Why It Matters
Spikes in exchange deposits from high-net-worth holders often serve as a leading indicator for localized sell-offs, as traders move assets onto exchanges to execute sales. However, because monthly inflow metrics are normalizing after the initial $112.4 million surge, the market may absorb the recent profit-taking without breaking macro structure. Defending the $1.33 pivot level remains essential for buyers aiming to challenge the $1.40 resistance zone and avoid prolonged consolidation.
