- XRP whale wallets holding 10,000 tokens rose 5.15% in nine months, reaching 343,500 addresses despite a roughly 30% price decline.
- XRP spot volume reached $486.27 million, while exchange withdrawals totaled $33.61 million as trading activity declined across several major platforms.
- Upbit recorded $12.22 million in withdrawals, while Kraken and Bitget attracted smaller inflows against the wider negative exchange-flow trend.
XRP whale wallets have increased during a prolonged market decline, while exchange data shows withdrawals and weakening trading activity.
XRP Whale Wallets Expand During the Price Decline
Whale Factor reported a 5.15% increase in wallets holding at least 10,000 XRP. The count reached 343,500 addresses over nine months, according to the post. XRP lost roughly 30% of its value during that period.
The figures place large-wallet growth against a difficult stretch for XRP holders. The token traded near $1.05 after months of declining prices. Whale Factor stated that large holders accumulated XRP throughout the drawdown.
Santiment’s chart tracks the wallet count alongside XRP’s price movement. The wallet line continued climbing, while the price line moved lower. This difference remained visible throughout much of the recorded period.
Since February 9, qualifying wallets reportedly increased by approximately 16,815 addresses. The reported count reached 343,500, representing the stated 5.15% increase. Meanwhile, XRP’s price struggled to regain its earlier levels.
XRP Spot Trading Volume Falls Across Major Exchanges
XRP spot trading volume reached $486.27 million during the latest 24-hour period. Binance recorded $102.18 million, followed by Upbit at $79.06 million. Coinbase registered $75.20 million in trading volume.
However, all three exchanges reported lower activity than their previous periods. Binance volume declined 38.7%, while Upbit registered a 40.1% drop. Coinbase also experienced a 35% decrease in trading volume.
OKX recorded a 47.1% decline, bringing its volume to $40.91 million. Bybit’s volume fell 39.5% to $32.91 million. Kraken declined 37.2%, while Gate registered a smaller 20% decrease.
Bitget moved against the broader trend, recording a 42.2% volume increase. Its XRP spot trading reached $35.54 million during the measured period. The increase contrasted with falling activity across most listed exchanges.
XRP Exchange Outflows Reveal Uneven Capital Movements
Upbit recorded the largest net outflow, reaching $12.22 million over 24 hours. Gate followed with $6.14 million in withdrawals, while Bybit recorded $4.81 million. OKX also registered negative flows totaling $4.69 million.
Coinbase reported $3.61 million in net outflows, while Bitstamp recorded $3.51 million. Binance experienced a smaller withdrawal of approximately $1.07 million. These movements contributed to the combined negative exchange-flow figure.
Kraken recorded positive net inflows of $1.82 million during the period. Bitget also attracted approximately $544,140 in incoming funds. Their figures contrasted with withdrawals across most other listed platforms.
The exchange data showed total net outflows reaching $33.61 million. XRP’s price stood near $1.05 following its roughly 30% decline. Meanwhile, qualifying wallet numbers continued climbing throughout the nine-month period.
Wallet counts and exchange flows measure different aspects of XRP market activity. A rising address count does not establish individual buying intentions. Likewise, withdrawals alone cannot confirm whether holders intend to sell or retain XRP.
