Whale activity may be carrying XRP as tokens move away from exchanges. However, withdrawal activity across major exchanges hasn’t quite translated into market pace. Not yet.
Here’s why.
Big whale orders take the lead
The Spot Average Order Size chart revealed that most recent trades can be classified as “Big Whale Orders.” Hence, the inference seemed simple: bigger hands are still active, despite the evident fall in the altcoin’s price.
XRP was trading near $1.10 at the time of writing. This was well below its early 2026 high of around $2.30, despite the price being stable in recent weeks.
Here’s where it gets interesting though. The price chart does not show whether these investors have been buying or selling. Instead, for now, it merely hinted at participation.
Binance XRP reserves fall to 2.61 billion
What’s peculiar is that the aforementioned whale activity came along with XRP reserves on Binance falling. In fact, the number dropped to around 2.61 billion XRP, from nearly 2.80 billion in March.
Users are possibly moving tokens away from the platform, which may reduce the amount of tokens available to sell.
The drop got harder towards the end of June. Given the rise in whale activity, it’s safe to assume that this movement has been courtesy of large holders.
A greater change?