Usman Salis
⬤ XRP deposits flowing into Binance have jumped dramatically since mid-December, with on-chain data showing the trend accelerating from December 15 onward. Daily inflows peaked at 116 million XRP as the token traded between $1.90 and $2.00, marking a clear shift in how holders are positioning their assets.
⬤ Before mid-December, XRP movements to Binance stayed relatively quiet with only occasional spikes. Since then, the exchange has seen consistent large-scale deposits across multiple trading sessions. When tokens move onto exchanges in volume like this, it usually means holders are getting ready to sell.
⬤ XRP's price dropped just before the deposit surge began, then bounced around the $1.90 to $2.10 range while inflows kept climbing. These repeated large deposits mean more XRP is sitting on Binance ready to be sold, which could push prices down if selling momentum picks up.
⬤ Tracking exchange inflows matters because it reveals what traders are thinking and where liquidity is building. The sustained increase in XRP deposits could shape near-term price action as the market watches whether this growing supply on exchanges turns into actual selling pressure.
Usman Salis
