On February 24, 2026, significant whale activity moved over 31 million XRP, worth approximately $45 million, onto the Binance exchange. This occurred as Bitcoin’s price stagnation created a hesitant market for altcoins. Despite the potential for sell pressure, on-chain data indicated sustained spot buying demand for XRP, presenting a mixed picture for investors.
A directionless Bitcoin market left altcoins, including XRP, trading without conviction. This broader stagnation amplified the impact of large token transfers, raising questions about future price movements.
According to CryptoQuant data shared by darkforst, large holder activity spiked sharply. Wallets holding between 100,000 and 1 million XRP, and those holding over 1 million, led a surge that transferred more than 31 million XRP to Binance in a single day.
However, XRP Taker Buy Dominance data did not collapse under this potential pressure. Green bars dominated most trading days, signaling aggressive market buyers and real spot demand rather than passive liquidity games.
Analyst EGRAG CRYPTO focused on a repeating Exponential Moving Average structure as a historical cycle trigger. His stance was blunt: structure over noise.
Based on this pattern, he suggested a potential price revisit of $0.78, which aligned with a projected EMA touchpoint. In the short term, breaks mattered.
