XRP fell about 2.3% to around $1.47 on October 7 as renewed selling across the broader crypto market triggered heavy long liquidations. Yet the decline is occurring alongside a notable shift in whale behavior: the 30-day sum of XRP withdrawals from Binance has reached 1.38 billion tokens, its highest level in seven months, according to CryptoQuant data cited by analyst Arab Chain. At the same time, U.S. XRP ETFs continued to attract capital, creating a mixed picture for the token.
XRP Whales Pull Coins From Binance
The surge in Binance outflows suggests large holders are moving XRP away from exchanges rather than keeping it immediately available for sale. That distinction matters because exchange balances can provide a pool of readily sellable supply, while withdrawals may indicate longer-term custody.
CryptoQuant data shows the 30-day XRP outflow total has climbed to 1.38 billion coins, the highest reading in seven months. Earlier exchange-flow data also showed whale transactions involving more than 1 million XRP accounted for a substantial share of withdrawals from Binance and Coinbase in late September.
The broader institutional picture remains comparatively resilient. SoSoValue data showed U.S. spot XRP ETFs recorded a net $3.14 million in inflows on October 6, extending a broader streak of positive weekly flows. Bitwise’s fund attracted $10.55 million, partly offset by outflows from other issuers.
Key signals from the latest data include:
- 1.38 billion XRP: 30-day Binance outflows.
- $3.14 million: Net U.S. XRP ETF inflows on October 6.
- $1.794 billion: Cumulative XRP ETF inflows reported by SoSoValue.
XRP Open Interest Signals Bearish Risk
The derivatives market presents a less constructive signal. CoinGlass data showed XRP open interest rising to 2.37 billion coins on October 6 from 2.32 billion on October 4. During the same period, XRP declined from roughly $1.52 to $1.47.
Rising open interest while price falls can indicate traders are adding bearish positions, although open interest alone does not identify whether the new positions are predominantly long or short. The XRP long/short ratio has also slipped to 0.92, meaning short accounts outnumber long accounts.
That combination leaves XRP vulnerable if the wider crypto market remains under pressure. Bitcoin’s recent weakness has already triggered substantial leveraged liquidations, adding another source of near-term volatility.
XRP Price Prediction: $1.51 Matters
On the four-hour chart, XRP remains within a falling-wedge structure. A decisive break above the upper boundary near $1.51 would improve the short-term setup and could expose the September high near $1.65.
Conversely, failure to reclaim $1.51 would keep sellers in control. The $1.46-$1.47 region is currently an important nearby floor, while $1.43 represents the next major downside level. A sustained break below $1.43 would increase the risk of XRP falling beneath $1.40.
The technical backdrop remains cautious. The RSI near 38 indicates bearish momentum without yet reaching deeply oversold territory, while a rising ADX suggests the prevailing move has gained strength.
Conclusion
XRP faces conflicting signals. The 1.38 billion-token Binance outflow points to stronger whale accumulation or longer-term custody, while ETF inflows show continuing institutional demand. However, rising open interest, a sub-1.0 long/short ratio and weakening momentum keep downside risks elevated. A break above $1.51 would strengthen the bullish case toward $1.65; losing $1.43 would instead expose the sub-$1.40 zone.
Sources & Methodology
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