XRP Price Drops 20% as Whale Inflows Hit Binance

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Whale inflows to Binance drove the price of XRP down 20%, marking a shift from calm trading to heavy selling.

A significant movement of Ripple’s XRP token by large-scale investors to the Binance exchange throughout October coincided with a steep price drop for the digital asset.

Data from the first two weeks of the month shows that whale activity shifted from a period of calm in September to aggressive depositing, creating substantial selling pressure that pushed the price down approximately 20% from its early-October level.

Whale Selling Sends XRP Tumbling From $3.1 to $2.4
CryptoQuant analyst Arab Chain pointed out that the movement peaked between October 10 and 12, coinciding with a drop in XRP’s price from around $3.10 to $2.40 within days. According to them, the pattern signals that whales may have been locking in profits or hedging after last week’s volatile rebound.


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