- Large XRP wallets remain inactive, with on-chain data showing a sharp drop in whale outflows on Binance since early May.
- XRP price holds steady at $2.13 support, with minimal movement between support and resistance, reflecting a consolidation phase.
- Dormant whale activity may signal upcoming volatility, as similar historical trends have preceded sharp price movements.
XRP’s recent price activity is drawing increased attention, as on-chain metrics reveal a notable absence of large transactions from major wallets. Whilst slight price downward trends have been observed in recent weeks, whale activity seems notably subdued, with net outflows by Binance sharply declined. It is a trend that makes one question whether the market is going through a time of consolidation prior to a more significant move.
Whale Activity Slows as Outflows Decline
Data from CryptoQuant shows a marked reduction in large-scale outflow transactions from the XRP Ledger on Binance. Value bands representing wallet movements over 1 million XRP have remained flat since early May. The last major spikes in whale activity occurred between December 2024 and March 2025. Subsequently, the number of transactions with large holders declined, with the right side of the curve indicating relatively small volumes.
This lack of movement in large wallets indicates that either the institutional or high-net-worth investors prefer to remain on the sidelines at this time. Analysts read this as a possible warning; it could be regulatory uncertainty, or the overall market mood.
XRP Price Holds Key Support Zone
As of writing, XRP is sitting at $2.13, having fallen 2.9% over the last 24 hours. The asset is well above its set support level of $2.13, and there is resistance at $2.22. Price movement has been relatively stable, with XRP trapped in a narrow range without clear directional momentum.
The lack of whale investment might be a wait-and-see situation, and key players could be awaiting future drivers to re-enter the market. These might come in the shape of updates to the law, macroeconomic events, or shifts in trading volume with big exchanges.
Market Eyes Possible Volatility Shift
The current state of inactivity among large holders may not last. Historically, prolonged silence in the movement of whales has a tendency to precede higher volatility. Traders are watching closely for accumulation or distribution patterns that may signal the next trend.
Until then, XRP remains in consolidation mode, with prices largely set by retail participation and algorithmic trading. Whether this is stability or a precursor to more serious movements will be decided by future technical or fundamental catalysts.
