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XRP whale outflows from Binance hit a 5-year low as price hovers near $1.30 amid weak market momentum.

Market News
20 Oct 2026
Crypto news
View Source
Bearish
XRP whale outflows from Binance hit a 5-year low as price hovers near $1.30 amid weak market momentum.

XRP whale outflows from Binance have dropped to their lowest level in five years, with a 90-day moving average of $49.7 million, down nearly 99% from a $3.5 billion peak in February 2025. This decline suggests major investors are holding back, possibly waiting for more attractive prices. Meanwhile, XRP trades near $1.30 but faces resistance from key moving averages, indicating weak buying momentum. Technical analysts see potential support around $1.28 and possible recovery patterns, while an XRP Ledger bug-fix amendment is set for activation on October 23, though lending proposals await further approval.

XRP is trading at Rp23.457 on Pluang as of Oct 20, 2026 14:01 WIB, down 0.75% in the past day, showing some weakness consistent with the article's note of price struggles near $1.30. The market cap stands at Rp1.478,04 trillion with a 24-hour volume of Rp27,47 trillion, indicating active trading despite the reduced whale outflows. About 60% of Pluang users are buying XRP, with a typical hold time of 72 days, suggesting steady interest amid the current price challenges.

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