The 6th-largest cryptocurrency by reported market cap, XRP, was successful in defending the critical support level at $1.08 despite the weakness observed in the wider crypto market over the past week. Plummeting whale inflows to exchanges suggest that selling pressure on XRP has eased in recent days.
XRP whale inflows to exchanges fall
According to exchange data obtained on Monday, XRP whale inflows to Binance – the largest cryptocurrency trading platform by volume – have declined. This indicates that large XRP holders are choosing to hold the digital asset, instead of liquidating it in the short-term.
As of Monday, both XRP whale flow and whale transactions to Binance are seeing a strong downtrend – hovering around 417. Notably, these metrics are also below the McGinley Dynamic.
For the uninitiated, the McGinley Dynamic is a moving average designed to reduce the lag found in traditional moving averages – such as moving average (MA) or exponential moving average (EMA) – by automatically adjusting itself based on price speed.
The indicator tends to track prices more closely in fast markets, and smooth out more in slow markets, making it useful for identifying dynamic support and resistance levels. In simple words, prices above the McGinley Dynamic show bullish momentum, while below it signals weak demand.
As of Monday, XRP is trading close to $1.12, below the McGinley Dynamic which is hovering around $1.15-$1.16. It confirms that the cryptocurrency’s price is currently pointing toward a weak short-term trend.
The following chart shows several spikes in XRP whale inflows to Binance in early June 2026. However, these surges have recently declined. During the same period, XRP price has crashed from the $1.30-$1.50 range, and is yet to recover above the McGinley Dynamic.
Price outlook remains neutral to bearish
If XRP price continues to remain below the McGinley Dynamic – despite the positive whale exchange inflows – the digital asset looks unlikely to strengthen its recovery. Even worse, if whale inflows to Binance rise, then another downward leg could be on the horizon for XRP.
In an X post on Monday, crypto analyst Crypto Tony emphasized that unless XRP reclaims the $1.30 level, they won’t be convinced that the cryptocurrency’s “bottom” is in. This would require a price appreciation of about 15 percent in the short-term.
Meanwhile, on the weekly timeframe, XRP is showing a bearish pattern that could potentially lead to a price collapse all the way down to $0.63.
