A key on chain indicator for XRP has dropped to its lowest level in more than three years, signaling that large investors may be easing their selling activity as market uncertainty continues.
Although XRP recorded a modest gain over the last 24 hours, the cryptocurrency is still up around 7% over the past month. Despite the recovery, analysts note that the $1.45 price level continues to act as strong resistance.
Recent data also points to a noticeable change in whale behavior over the last few months.
XRP Whale Selling Pressure Declines
According to new research from CryptoQuant, whale inflows of XRP to Binance have fallen to their weakest level since November 2021.
The analytics platform explained that its 30 day cumulative inflow metric, known as Sum 30D, surged to roughly 2.6 billion XRP at the beginning of March. The spike reflected heavy transfers of tokens from whales to the exchange, a trend commonly associated with rising sell pressure or portfolio adjustments by major holders.
Since reaching that peak, however, the metric has steadily declined and now sits near 736 million XRP.
CryptoQuant noted that this marks the lowest reading for the indicator in over three years, suggesting that exchange related selling pressure from large investors has weakened considerably compared to earlier periods.
The report further explained that the continued reduction in whale inflows during broader market volatility may indicate that major investors are adopting a more cautious approach while uncertainty persists across the crypto sector.
Lower whale deposits to exchanges are typically viewed as a bullish signal because they reduce the likelihood of sudden large scale selloffs. If inflows remain subdued while demand improves, analysts believe XRP could gradually establish a stronger and more stable price foundation over time.
Institutional Interest in XRP Continues Growing
Institutional demand for XRP investment products has also shown renewed strength in recent weeks.
After experiencing more than $31 million in outflows during March, US spot XRP exchange traded funds rebounded sharply in April with approximately $81.6 million in inflows. The positive momentum has continued into May, with the products attracting more than $28 million in fresh capital so far this month.
Meanwhile, Ripple has continued expanding its presence across global markets.
The company recently partnered with OKX to support the listing of its RLUSD stablecoin. Ripple also joined the Crypto SAC network to help share intelligence related to North Korean cyber threats targeting the crypto industry.
In addition, the blockchain company has expanded operations in the Middle East and Africa through new office launches.
In South Korea, Ripple signed a partnership agreement with KBank to advance blockchain remittance testing beyond pilot stages and focus on practical integration and scalability.
The agreement was finalized at KBank’s headquarters in Seoul and included executives from both organizations, including Ripple Asia Pacific Managing Director Fiona Murray.
Before that partnership, Ripple had also collaborated with Kyobo Life Insurance to develop institutional digital asset infrastructure linked to tokenized government bond transactions.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
