XRP whale withdrawals from Binance have reached their highest level in six months, according to analyst Darkfost, who reported that more than 231 million XRP — worth over $335 million — left the exchange in a single day as the token rallied more than 70%. Binance is one of the largest cryptocurrency exchanges in the world by trading volume, and exchange-flow data is a staple of on-chain analysis: tokens moved to private wallets sit outside exchange custody and must be redeposited before they can be traded on the venue again.

The outflows far exceeded the 90-day average of roughly $40 million. Analyst Egrag Crypto has identified $0.98 as a critical level while awaiting confirmation from a bullish two-month chart pattern. XRP's market capitalization added $44 billion in three days as whale withdrawals surged well above recent norms. XRP, the native token of the XRP Ledger associated with Ripple's cross-border payments business, has long ranked among the largest cryptocurrencies by market capitalization.

Whales Withdraw More Than 231 Million XRP

Darkfost reported that XRP whale outflows from Binance climbed to a six-month high, with withdrawals exceeding 231 million XRP, worth more than $335 million in one day. The 90-day average stands near $40 million, making the latest outflow substantially larger than the recent average. In crypto markets, “whales” are holders of very large balances whose transactions stand out in exchange-flow data.

The withdrawals came as XRP's market capitalization increased by $44 billion within three days. Over that period, XRP gained more than 70%, according to Darkfost, who linked the exchange withdrawals to accumulation among whale holders. As with any single on-chain metric, withdrawal data records where tokens moved, not why, which is why analysts typically read it alongside price structure and other measures.

Egrag Crypto Watches XRP's $0.98 Level

Egrag Crypto is tracking a bullish engulfing structure on XRP's two-month timeframe. A bullish engulfing formation, in technical analysis, is a candle that completely engulfs the one before it, and technicians read it as possible evidence of a shift in momentum. He said similar structures near major bottoms have often left the extreme low intact. However, the analyst noted that the pattern does not prevent XRP from retesting lower levels. Instead, he identified $0.98 as the major low that could already have formed.

Egrag Crypto also observed that XRP rarely recovers its seven-week moving average — a line that averages the closing price over the prior seven weeks — on its first attempt. According to his analysis, the recovery often takes two or three candles. Even so, the analyst said XRP still needs a strong two-month close for confirmation.

Analysts Track Different XRP Triggers

The two analysts are focusing on separate measures while examining XRP's latest move. Darkfost is tracking exchange withdrawals and whale activity, while Egrag Crypto is watching price structure. The pairing reflects the two lenses most commonly applied to large crypto moves: on-chain flow data and chart-based technical analysis.

Egrag Crypto expects October through December to provide a stronger expansion window. Over the same period he is monitoring, XRP's market capitalization rose $44 billion in three days while Binance whale withdrawals reached a six-month high.

Darkfost said sustained accumulation could support a test of $2. Egrag Crypto, by contrast, continues to place importance on $0.98 and confirmation from the two-month timeframe. For readers following the story, the checkpoints the analysts have set for themselves — whether the elevated Binance outflows persist, XRP's behavior around $0.98, and the strength of the next two-month close — frame what to watch in the weeks ahead.

Source: Crypto Front News