XRP’s $1.16 recovery gets support from whales and a $285 million ETF streak

A notable development has hit the crypto markets. XRP’s recovery above $1. 16 this week has coincided with a shift in the token’s supply picture, as large holders move fewer coins onto exchanges while US-listed exchange-traded funds continue to attract fresh capital. The retreat in exchange-bound supply follows weeks of consolidation around $1, when weaker prices and limited spot demand kept XRP from sustaining repeated recovery attempts.

The change has eased one source of pressure but has yet to produce a decisive breakout. As of press time, XRP had surrendered part of Tuesday’s advance and was trading near $1. 14, leaving the next stage of the recovery dependent on whether ETF demand and broader spot buying can absorb the remaining available supply.

Market Dynamics

XRP whales accumulate while exchange deposits plunge XRP’s largest holders are adding to their positions while taking a growing share of tokens leaving exchanges, a combination that points to stronger conviction among whales as the cryptocurrency attempts to recover from its recent downturn. Wallets holding between 100,000 and 100 million XRP increased their collective balances by 2. 8% over the past five weeks, Santiment data show.

At the other end of the market, wallets containing less than 0. 01 XRP reduced their holdings by 5. 2% during the same period.

Whales Accumulate XRP Tokens (Source: Santiment) The accumulation has coincided with a sharp change in how large holders are interacting with centralized exchanges. Whales accounted for a record 77. 8% of XRP outflows across centralized exchanges on July 22, up from 63% on May 6, CryptoQuant data show.

Market Impact

Retail investors’ share fell to 22% from 36% over the same period, widening the gap between the two groups to nearly 56%. A similar pattern is visible on Binance. Large holders represented 71% of XRP withdrawals on July 22, compared with 67% in early May, while retail’s share slipped to 28.

The higher whale share across the broader centralized exchange market suggests the movement is not confined to Binance. While the data do not reveal where the withdrawn XRP ultimately went, the increase in large-wallet balances provides separate evidence that whales have been accumulating during the same period. At the same time, those holders are sending far less XRP onto Binance, reducing the amount being positioned on the exchange for potential trading.

Whale deposits to Binance have collapsed 96% to 25. 3 million XRP from a previous peak of 583 million. The earlier inflow was worth roughly $1.

This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.