XRP Whale Wallets Reach All-Time Highs as $170M Withdrawn from Binance
The number of XRP whale wallets has reached an all-time high, coinciding with a reported $170 million withdrawal of XRP from Binance. Both data points are being read as signs of significant accumulation activity by large holders.
On-chain data shows that the count of XRP whale wallets, addresses holding large quantities of XRP, has climbed to an all-time high. This milestone in large-holder participation is being noted alongside a separate report that approximately $170 million in XRP was withdrawn from Binance in a short window.
Exchange withdrawals of this scale are typically interpreted as holders moving assets into self-custody, which reduces immediately available sell supply on the exchange. Combined with the record whale wallet count, the data paints a picture of deliberate large-scale accumulation rather than distribution.
XRP Ledger activity has also been cited as elevated during this period, adding another dimension to the on-chain narrative. The $1.35 to $1.40 price range has been identified as a key accumulation and support zone where much of this activity is taking place. Analysts are watching whether sustained accumulation at these levels eventually translates into upward price pressure.
Key facts
- •XRP whale wallet count reached an all-time high on-chain
- •Approximately $170 million in XRP withdrawn from Binance
- •Price range of $1.35 to $1.40 identified as key accumulation zone
- •XRPL activity described as elevated during this period
- •Exchange outflows reduce immediately available sell supply