XRP Whale Inflows Reach $900 Million on Binance as Price Falls Below $1.10
Key Takeaways
- •XRP deposits to Binance reached approximately $900 million, or about 691 million tokens, in a single day, marking the largest daily inflow since 2024 and exceeding the previous record set during February 2026's capitulation phase.
- •XRP traded at $1.08, down 691% over 24 hours and 12.97% over seven days, after slipping below $1.30 and testing the $1.10 support area.
- •The 90-day moving average of XRP exchange inflows climbed above $100 million per day, its highest reading in nearly six months, indicating deposits persisted beyond a single session.
- •On-chain inflow data cannot confirm whether deposited tokens were actually sold, and Darkfost noted some transfers may relate to replenishing reserves following Binance's October 29 security breach, in which roughly 233.5 million XRP were stolen.
- •Technical analyst CasiTrades identified $1.10 as major Fibonacci support corresponding to the local 0.854 and macro 0.786 retracements, citing $1.00 and $0.90 as potential downside levels if selling momentum continues.
XRP whale deposits to Binance reached approximately $900 million in a single day as the token’s price fell below $1.30 and later traded near the $1.10 support area. Market analyst Darkfost reported that roughly 691 million XRP entered the exchange, making it the largest daily inflow since 2024.
The volume also exceeded the previous record, set in February 2026 during a market capitulation episode, a term describing a phase of intense selling as investors exit positions amid declining prices. According to CoinGecko, XRP was trading at $1.08, down 6.91% over 24 hours and 12.97% over seven days. Its 24-hour trading volume was $1,857,631,643.
XRP Inflows Rise as Binance Deposits Accelerate
Darkfost’s analysis indicated that the increase was not limited to one unusually large transfer. The 90-day moving average of XRP inflows rose above $100 million per day, reaching its highest level in nearly six months. The measure smooths daily fluctuations and can help show whether exchange deposits are persisting beyond a single trading session.
Large transfers to centralized exchanges can precede sales because deposited tokens become available for trading. However, an exchange inflow records tokens sent to a platform rather than a completed trade. Such figures are compiled from on-chain records that track token movements into wallets identified as belonging to exchanges. The data therefore cannot establish whether holders placed sell orders or simply retained their XRP on Binance. Executed spot sales and trading volume provide a clearer indication of whether deposits translated into market pressure.
Darkfost wrote on X:
XRP Whale inflows hit $900M, the highest since 2024 « Approximately 691 million XRP reached the platform in a single day as the price fell below $1.30. This surpassed the previous record set in February 2026 during a capitulation episode. In dollar terms, these whales…
— Darkfost (@Darkfost_Coc) November 9, 2026
https://x.com/Darkfost_Coc/status/2119686928518017094?ref_src=twsrc%5Etfw
The timing of the transfers has drawn attention because XRP slipped below $1.30 while deposits accelerated. Holders facing falling prices may move tokens to exchanges to reduce exposure or secure remaining gains, but transaction data alone cannot determine the intentions of individual whales.
Darkfost also noted a possible connection to Binance’s October 29 security breach, during which approximately 233.5 million XRP were stolen. Some incoming transfers could have represented efforts to replenish exchange reserves, although the available figures do not confirm that explanation.
XRP Tests the $1.10 Fibonacci Support
Technical analyst CasiTrades said on X that XRP had reached the $1.10 Fibonacci support area. The level corresponds with the local 0.854 retracement and the macro 0.786 retracement. Fibonacci retracements are levels derived from ratios of the Fibonacci sequence technical traders use to mark potential support and resistance zones. CasiTrades also warned that the relative strength index (RSI), a momentum indicator that measures the speed of price changes, continued to indicate strong selling momentum.
CasiTrades wrote:
THE $1.10 TARGET HAS BEEN HIT!!! ripple:native HAS ARRIVED at the major fib support we've been waiting for!!! As a reminder, $1.10 represents the local .854 retracement AND the macro .786. The touch was ABSOLUTE PERFECTION!!! Despite reaching this major support,…
— CasiTrades (@CasiTrades) November 8, 2026
https://x.com/CasiTrades/status/2119573538692641099?ref_src=twsrc%5Etfw
The analyst said XRP could test $1.10 again or move below that level if selling remains dominant. The next downside levels identified were $1.00 and $0.90. These levels represent technical scenarios rather than confirmed price targets.
Broader market conditions could also affect XRP’s next move. CasiTrades said Bitcoin appeared vulnerable to further downside, which could add pressure across cryptocurrency markets. A stronger response from buyers around $1.10 would challenge that bearish outlook, but the available data does not establish how the market will develop.
The main distinction is whether Binance deposits become actual spot selling. Rising exchange inflows may indicate potential available supply, while executed sales and trading volume show whether that supply reaches the market. Until those signals align, the $900 million increase indicates possible pressure rather than a confirmed whale sell-off.
Source: Blockonomi
