Ripple’s XRP saw significant whale-driven exchange inflows exceeding $650 million in late February, yet its price held relatively steady. This suggests large holders were strategically repositioning liquidity rather than triggering a broad market sell-off during a period of heightened geopolitical uncertainty.
Significant XRP inflows to Binance occurred in late February, with whale activity suggesting strategic repositioning. Exchange deposits spiked to over $160 million around February 25th, contributing to a multi-day total of roughly $652 million.
The price of XRP remained comparatively stable, fluctuating between $1.35 and $1.45 during this influx. This concentration of large transfers indicates activity by major entities rather than widespread retail selling.
Data from CryptoQuant shows whale-to-exchange transactions repeatedly surged to their highest levels on record in early 2025. These movements coincided with XRP’s decline from above $2.50 toward the $1.30–$1.40 range.
Meanwhile, derivatives markets showed traders unwinding leverage without aggressive new short positions. Futures Open Interest fell to $2.17 billion as the price stabilized.
The funding rate turned slightly negative to –0.0011%, indicating a mild bearish bias in perpetual contracts. However, the long-to-short ratio remained nearly balanced at 49.6%.
Liquidations were also limited to around $5.38 million, reinforcing a controlled deleveraging trend. This mirrored a broader pullback in Bitcoin futures, where Open Interest declined 2.48%.
XRP’s relative strength was further highlighted as the XRP/BTC pair climbed to 0.00002057. Bitcoin dominance held near 58.1% during this period.
