- XRP ETF approval failed to reduce selling pressure.
- Whale wallets dominate exchange inflows.
- Most XRP transfers to Binance are non-retail.
Despite the optimism raised by the approval of an XRP exchange-traded fund, data from on-chain analytics indicates that the selling pressure within the token is still in place. New information has emerged from CryptoQuant, which highlights that the whale addresses in the altcoin market continue to transfer large amounts of the token to the centralized exchanges.
Whale Transactions Are Dominant on XRP Exchanges
Analyst PelinayPA from CryptoQuant reports that most of the recent XRP flows into Binance come from wallets that contain between 100,001 and 1,000,001 units of XRP and wallets that have more than 1,000,001 units of the cryptocurrency. Such wallet sizes are generally indicative of funds that come from institutional investors as opposed to retail investors.
From the data, the large transfers are also being accompanied by a continued reduction in the value of the altcoin, which indicates that the whales might be preparing for a sale rather than an accumulation, despite the event concerning the ETF.
Also Read: XRP Near Oversold: Weekly RSI Hits 33, Could $1.83 Be a Major Buying Zone?
ETF Approval Fails to Shift Market Structure
While the approval of ETFs is considered a bullish market catalyst, showing increased institutional investment, it seems rather subdued in the case of the altcoin market. Rather than encouraging buying, the approval has led to continued exchange inflows, a key sign of potential sell-side action.
CryptoQuant points out that retail investors are mostly excluded from such capital inflows, making the case for the fact that the current market actions are led by risk management or taking profits by larger traders.
Exchange Inflows Point to Ongoing Distribution Phase
The inflow chart for the exchange is indicative of recurring instances of XRP deposits to Binance, especially from the major wallet levels with high values. In the past, this has always corresponded with distribution stages and not accumulation phases.
As long as whales’ money inflows continue, it appears that it will be difficult for the altcoin to form an effective rebound, irrespective of positive news related to regulations and products.
Market Outlook Remains Cautious
The disconnect between the ETF approval narrative and on-chain behavior underscores a broader trend in crypto markets: fundamentals and structural flows often outweigh headline-driven optimism. Until whale inflows slow or reverse, the altcoin’s price may remain vulnerable to further corrections.
Also Read: XRP Price Prediction: Can XRP Move to $2 Before December Ends
