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XRP whale withdrawals from Binance hit 7-month high, signaling possible reduced trading supply.

Market News
07 Oct 2026
Bitcoin
View Source
Neutral
XRP whale withdrawals from Binance hit 7-month high, signaling possible reduced trading supply.

XRP whale withdrawals from Binance surged to about 1.38 billion XRP over 30 days, the highest in seven months, according to Cryptoquant data. This trend may indicate major holders prefer keeping assets off-exchange, potentially reducing tokens available for trading. However, large withdrawals don't necessarily mean long-term holding, as funds might be moved between wallets or other exchanges. The shift in whale behavior could impact XRP's market dynamics if it continues alongside price stability or gains.

XRP is trading at Rp25.435 on Pluang, down 5.03% in the past day as of Oct 08, 2026 07:51 WIB, while BNB holds a much higher price of Rp13.833.807 but with a smaller 1-day decline of 0.57%. Despite XRP's significant whale withdrawals from Binance, its market cap remains at Rp1.604,43 trillion, somewhat below BNB's Rp1.842,13 trillion. Pluang users show strong buying interest in XRP with 84% buy orders compared to BNB's more balanced 55% buy activity, indicating differing investor sentiment between these two assets.

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