XRP Whale Transactions to Binance Surge Indicating Potential Profit-Taking
Recent on-chain data indicates a significant increase in XRP whale transactions to Binance, suggesting potential selling intentions.
Key Points
- XRP Whale to Exchange Transactions metric has surged for Binance.
- This metric tracks transfers from large investors (whales) to centralized exchange wallets.
- A high value typically signals whales may be preparing to sell their holdings.
- The 7-day simple moving average shows an uptick prior to a recent price rally above $3.3.
- XRP's price increased by over 38% last week but has recently experienced consolidation.
Current market behavior suggests that while whales have made moves to exchanges, they have not yet sold off their assets.
XRP Price Performance
