TL;DR:
- XRP whales withdrew 465 million tokens from Binance between June 3 and 11, equivalent to approximately $530 million.
- In the prior 30 days, large wallets had deposited 1.33 billion XRP into the exchange, generating sustained selling pressure.
- An average decline of 2.92% is projected over 7 days, with a target price of $1.11 by June 19.
XRP whales aggressively accumulated positions through Binance during the second week of June 2026. According to data from CryptoQuant, daily withdrawals of the token exceeding one million units totaled approximately 465 million XRP between June 3 and 11, with an estimated value of $530.1 million.
These transactions contrast with the behavior recorded during the previous month. In the 30 days prior to the start of this withdrawal wave, whales deposited 1.33 billion tokens into the platform, a dynamic historically associated with increased selling pressure.
Whale Withdrawals Point to a Potential Rebound for XRP
Massive withdrawals from exchanges are typically interpreted as a bullish signal, as institutional investors and whales tend to move their assets off platforms when they plan to hold positions rather than liquidate them. Under that premise, strong demand for the token on Binance coincided with technical indicators that point to a potential recovery.
Despite the Ripple token having accumulated a decline of nearly 22% over the past 30 days, technical analysts identified the formation of a possible double bottom on the XRP/USD monthly chart, a pattern that typically anticipates upward reversals following correction periods.
Some models estimate an average decline of 2.92% for the period ending June 19, with a target price of $1.11. The reduction in selling pressure from Binance could limit a more pronounced capitulation in the short term. According to the latest CoinMarketCap data, XRP is trading at $1.15 and has recorded a gain of 3.8% over the last 24 hours. Its volume fell 4.3% and stands at around $1.66 billion.
Nevertheless, the bearish scenario remains latent. If whales resume massive deposits into the exchange and selling pressure increases, the token could break below the $1 level, a crucial psychological threshold the market has been watching closely since the start of the market correction.
