Whales Drive XRP Rally: On-Chain Accumulation Rising

Whale accumulation is tightening XRP supply as the token tops $1.14. CryptoQuant and Santiment show lower Binance inflows and larger-wallet buying, but weak spot volume on Binance and Upbit means a sustained XRP rally needs stronger demand.

2026-07-23 .

Whales Drive XRP Rally: On-Chain Accumulation Rising

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Whales reduce sell pressure as XRP nears $1.14

Ripple's native token XRP climbed more than 2% on Wednesday, reaching roughly $1.14 as broader crypto markets strengthened. On-chain signals suggest that declining whale sell pressure and growing accumulation in large wallets have set the stage for a potential bullish trend. CryptoQuant data shows a significant drop in whale flows to exchanges, while Santiment metrics indicate shifting investor behavior.

Exchange inflows hit lowest level since January 2025

According to CryptoQuant, whale transfers of XRP into Binance have fallen to 25.3 million tokens — the lowest inflow since January 2025. At its peak, whale inflows hit roughly 583 million XRP, about $1.36 billion. Lower exchange inflows generally point to reduced intent to sell and a tighter immediate supply on the market, which can support price upside.

Large wallets accumulate, small holders trim positions

Santiment's on-chain analysis reveals that wallets holding between 100,000 and 100 million XRP increased their balances by 2.8% over the past five weeks. In contrast, smaller wallets have reduced holdings by about 5.2% in the same period. This divergence is a classic sign of institutional or whale accumulation coinciding with retail withdrawal, often preceding major moves.

Spot volumes remain a limiting factor

Despite these accumulation signals, spot trading volume on Binance and South Korea's Upbit remains weak. Low volume implies the broader market has not yet caught a wave of FOMO-driven buying, and the rally may struggle to sustain momentum without a return of robust liquidity and genuine demand.

What traders should watch next

Whale accumulation creates an important support level for XRP, but breaking key resistances and igniting a lasting rally will likely require renewed spot volume and real buying pressure. Traders should monitor on-chain flows, exchange inflows, and spot volume on major venues like Binance and Upbit for confirmation before assuming a strong uptrend.