XRP is holding a support zone between $1.28 and $1.30 while whale deposits to Binance climb and spot XRP ETFs draw inflows. According to CoinGape, whale selling pressure is outweighing the ETF inflows.
XRP price remains near a crucial support zone between $1.28 and $1.30, even as analysts lean slightly bullish on rising inflows to spot XRP ETFs. However, on-chain data shows whales are increasingly selling the token.
Whale inflows to Binance reach a seven-month high
CryptoQuant data shows that whales moving more than 1 million XRP are sending more tokens to exchanges. Since August, monthly average whale inflows to Binance have risen by $72 million to $112.4 million, the highest monthly average since March 2026.
Analyst DarkFost notes that the inflows coincide with XRP gaining from below $1 in August. According to the analyst, this has encouraged large holders to book profits.
ETF inflows rise as network activity grows
Meanwhile, SoSoValue data shows that XRP ETFs recorded $3.55 million in inflows on October 22. Bitcoin and Ethereum ETFs, by contrast, recorded outflows of $635 million and $110 million, respectively.
XRP ETFs have seen inflows of $4.25 million this week, a shift from outflows of $1.84 million last week. The inflows coincide with a surge in network activity, as non-empty wallets on XRP Ledger reached a record high of 8.24 million.
XRP price tests the $1.28 to $1.30 zone
XRP price has bounced from this zone twice before, which suggests it could act as an entry point for buyers.
The RSI reading of 42 suggests momentum is leaning bearish, though the ADX line, tipping south at a reading of 20, suggests the downtrend remains weak.
If XRP loses the support zone, it might fall to the psychological support at $1. If buyers step in after the bounce, the price could move to the 61.8% Fib of $1.40 and, on a close above it, extend toward $1.65.
Source: CoinGape
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