According to the CryptoQuant analytics platform, inflows have doubled since mid-August. Exchange reserves are the volume of coins in the platforms' own wallets: the larger they are, the more supply can be dumped into the market within minutes. On Binance, XRP reserves are only in the 30th percentile; the bulk of the volume came to other exchanges.
The 90-day average of large holders' outflows fell to $49.7 million - the lowest since October 2021. In February 2025, the figure reached $3.5 billion, i.e., a drop of 98.6%. CryptoQuant writes that XRP is "attracting less and less attention," and without whale support, the market may lack buying volume.
During the leverage flush, XRP went from $1.52 to $1.29 and stabilized around $1.30. Open interest on Binance (the sum of all open futures positions) fell by 15.8%, to $453 million. Long liquidations on October 7-8 - $25.7 million; the funding rate on perpetual contracts was negative for several days: longs were being forced out of the market.
The main question is whether these tokens will be sold or moved to cold wallets (storage not connected to the network). Analyst Ali Martinez notes a rise in on-chain volume at the $1.25 support. Range boundaries: a close above $1.56 opens the path to $2, while a move below $1.25 targets the market at $1.00.
Were you holding XRP when longs got flushed?
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