XRP whale outflows on Binance have fallen to a five-year low, according to crypto analyst Darkfost. The 90-day moving average now stands at just $49.7 million, down sharply from the peak activity seen earlier in the cycle.
At the market’s peak in February 2025, when XRP reached around $3.30, whale outflows on the exchange averaged $3.5 billion over 90 days. That period featured intense accumulation, including multiple daily spikes exceeding $10 billion.
Ever since, the pattern has reversed as large holders have shown steadily decreasing interest, apparently waiting for more attractive entry prices.
As the analyst observed:
“Since then, the trend has completely reversed. XRP is attracting less and less attention from whales, who are probably waiting for a better price to step back in. As a result, whale outflows on Binance (90-dma) have just dropped to their lowest level in 5 years. With a 90-day average of $49.7M, they are back to their October 2021 level, which marked the top of the previous Bitcoin cycle.”
Current outflow levels match those recorded in October 2021, near the top of the previous Bitcoin cycle. XRP’s relative strength during the ongoing bear market appears to have kept prices high enough to discourage the heavy accumulation that whales pursued in 2022 and 2023.
In the long term, the analyst expects that the reduced whale activity could mean thinner buying support for XRP. Still, market trends sometimes shift exactly when volumes and interest reach their lowest points.
“From a long-term perspective, this suggests XRP could lack buying volume without whale support. That said, it’s not a hard rule; sometimes the trend reverses precisely when volumes and interest collapse.” He wrote.
His analysis comes as XRP makes a soft recovery, up 3.96% over the last 24 hours. The 5th most valued asset by market cap now trades at $1.37 per asset.