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XRP whale outflows on Binance hit $530M, signaling potential price rebound despite recent 22% drop.

Market News
12 Jun 2026
Finbold
View Source
Neutral
pluang ai news

Between June 3 and June 11, 2026, whale investors withdrew 465 million XRP tokens worth about $530.1 million from Binance, indicating renewed demand. This follows a period of large inflows to Binance from May to early June, totaling 1.33 billion tokens. Typically, increased whale withdrawals suggest bullish sentiment, while inflows increase selling pressure. Despite a 22% drop in XRP over the past month, the token shows signs of a potential rebound. However, AI forecasts a slight 2.92% price drop over the next week, with risks of further declines if selling pressure rises again.

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