Key Insights:
- XRP price closed at a 30-day low on Nov. 9 and traded near $1.09 at press time.
- XRP whales sent about 691M XRP, worth roughly $900M, to Binance in 24 hours.
- CryptoQuant called it the largest single-day inflow to the exchange since 2024.
Roughly 691 million XRP landed on Binance within 24 hours on Nov. 9, according to CryptoQuant. XRP whales were moving coins at the worst possible moment, with the token already at its lowest since August.
XRP Whales Moved $900M Worth of Coins to Binance
CryptoQuant contributor Darkfost flagged the transfers on X. He called it the largest single-day whale inflow to Binance since 2024. The coins were worth about $900 million at the time, when XRP still traded near $1.30. By press time, that figure was closer to $750 million.
The old record dated back to the February 2025 correction. XRP had bottomed around $1.11 then. This batch was bigger.
Darkfost also pointed to a longer trend. The 90-day average of daily whale inflows had climbed above $100 million, the highest in close to six months. Whales had been sending XRP to Binance for weeks, not just on one bad day.
None of this proves anyone sold. Exchange deposits can sit idle, and part of the inflow may have been Binance rebuilding its XRP balance after last month’s hack. Still, more coins on an exchange usually means more coins ready to sell.
What makes the reading tricky is that the opposite happened a few days earlier. On Nov. 4, around 418.5 million XRP, just under $540 million, left Binance. Darkfost had called that the biggest outflow day in nine months.
And some whales were still buying. Ali Martinez, citing Santiment data, said large wallets picked up 16.46 million XRP in the five days to Nov. 8 as the price slipped under $1.30.
XRP Price Lost 12% in a Week and Closed at a 30-Day Low
XRP’s Nov. 9 close on Binance’s XRP/USDT pair was its lowest in a month. The weekly drop came to about 12%. At the time of writing, the token traded near $1.09 on CoinGecko, after a brief dip to $1.07 on Nov. 9.
It was hardly alone. Bitcoin (BTC) had dropped under $75,000, and CoinGlass counted about $1.2 billion in crypto liquidations across the market.
XRP longs took their share of the damage. Nearly $40 million in leveraged long positions were closed out on Nov. 8, CoinGlass data showed.
On the daily chart, the RSI read 27.5 on Nov. 9, well into oversold territory, while the MACD histogram kept pushing lower below zero, per TradingView.
Spot volume on Binance rose to $156 million on Nov. 9, around 50% above its 20-day average. Futures open interest on the exchange, though, fell 11% over the week to $350 million, a sign that leverage was being cut rather than added.
ETF demand had gone quiet as well. Spot XRP ETFs showed zero net flows from Nov. 3 through Nov. 6, then a small outflow of 663,043 XRP on Nov. 6, per SoSoValue. The funds held about $1.41 billion in net assets.
Between the US midterm elections and the October CPI report due on Nov. 10, few traders wanted to take big positions.
XRP News: Why $1.07 Mattered More Than Any Other Level
Egrag Crypto called $1.07 to $1.11 the final support zone in a Nov. 9 post on X. His warning was blunt: a daily close below $1.07 could break the whole formation, not just one line on the chart.
Other traders had their eye on $1.12, a floor that had turned the price three times since February. A daily close below it could expose $1.05, then the $1.03 area, then $1 itself.
For a bounce to look credible, XRP needed to climb back over $1.10 to $1.12. A daily close above $1.18 would be the first real sign of relief, with $1.20 the next hurdle.
Seasonality did not help the bull case. Seven of the 13 Novembers since 2013 ended in losses, with a median return of minus 5.08%, per CoinGlass monthly data.
On Nov. 4, the XRP Ledger also activated its fixCleanup3_4_0 amendment. The technical correction addressed permission handling involving issued tokens, without altering native XRP’s supply.
For XRP news investors, the next measurable developments concern subsequent Binance deposits, derivatives positioning, and spot trading activity. The 691 million XRP transfer alone cannot establish whether sustained selling will follow.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency trading involves substantial risks, and investors should independently verify market information before making decisions.
For longer-term levels, see our XRP price prediction.
