XRP Exchange Inflows Rise, But No Major Whale Selling Detected
On September 1, XRP reserves across multiple centralized exchanges surged dramatically — but the typical signs of panic selling were absent. Binance recorded a sharp increase of 610 million tokens, while Bithumb saw its reserves jump by 872 million XRP. Similarly, Bybit’s holdings nearly doubled from 188 million to 380 million tokens, and OKEx reserves climbed to 233 million.
Exchange Inflows Don’t Match Classic Sell-Off Patterns
Ordinarily, a spike in exchange reserves is interpreted as a bearish signal, indicating an intent to sell. However, data from whale-to-exchange transactions and Coin Days Destroyed (CDD) didn’t align with this narrative. Although XRP slipped 0.61% on the day, volatility was higher than average, and there was no significant whale dumping behavior.
The lack of large transfers to exchanges from whale wallets suggests the reserve increase may not stem from imminent large-scale selling. As one analyst put it, “The whale to exchange transactions on Binance hardly stirred on 01 September, even though exchange reserves increased by 610 million XRP.”
Market Structure Remains Weak Despite Pattern Breakout
XRP’s price action over recent weeks has been shaped by a descending triangle pattern. While a bullish breakout occurred on September 7, technical indicators paint a more cautious picture. The OBV (On-Balance Volume) is climbing slowly but hasn’t confirmed strong accumulation yet.
Meanwhile, the MACD saw a bullish crossover below the zero line — typically a sign that bearish momentum is easing, but not reversing completely. Taker CVD (Cumulative Volume Delta) has also shown persistent sell-side dominance since late July, hinting that buyers have yet to reclaim control.
Unless significant buying pressure emerges — ideally reflected in a sharp OBV rise — XRP could remain under downward pressure in the near term. Investors and traders should monitor volume flows and exchange activity closely. This article does not constitute financial advice.
