XRP Exchange Inflows Hit 6.05 Billion Tokens, a Seven-Month High

Update 17:45 UTC: A single large transfer added a fresh datapoint on Oct. 20: a wallet that accumulated 300 million XRP at roughly $2 apiece in late 2025 moved 82.3 million tokens, worth between $106 million and $107 million, to a newly created address.

30-Day Inflows Reach 6.05 Billion Tokens

Rolling 30-day inflows of XRP to crypto exchanges reached 6.05 billion tokens as of Oct. 19, the highest reading since March, according to on-chain research published by CryptoQuant. The figure has doubled since mid-August, which gives the current deposit wave a yardstick against the ordinary pace of token transfers rather than an isolated spike. Over the same window the XRP price climbed from roughly $1 to a maximum near $1.70 before correcting back to levels around $1.30, so the surge in deposits built while the market first gained as much as 70% and then gave back most of that advance. CryptoQuant's research note frames the move as a shift of the asset toward trading venues and offers two possible explanations. One is heavier trading activity and liquidity on the platforms themselves; the other is a rise in XRP moving between wallets and exchange accounts. The on-chain record alone cannot separate sell-side deposits from holders moving funds between their own addresses and exchange balances, and the analysis stops short of calling the deposits outright sell pressure. What it does establish is scale and timing. The research computes inflows on a rolling basis, so each daily print reflects the trailing 30 days of deposits rather than a single session, and the metric has doubled in roughly ten weeks to levels last recorded in March 2026. August's daily pace, on the same measure, ran at roughly half the current level. The platform's commentary links the increase to a marked shift in how the asset is moving, with deposits climbing through a rally that topped out at $1.70 and staying elevated through a correction that has since held the token near $1.30. For a token that spent much of the summer trading in a narrow band, the pace of movement toward exchanges now stands as the most prominent change in the XRP on-chain picture.

Whale Withdrawals Sink to $49.7 Million

The deposit data has a counterpart on the withdrawal side, and it points the other way. A separate CryptoQuant analysis of whale flows shows the 90-day moving average of whale outflows from exchanges fell to $49.7 million, its lowest value since October 2021 and a five-year low. The metric tracks withdrawals by the largest holders on a rolling 90-day basis, the mirror image of the inflow series in the section above. At its cycle peak, in February 2025, the same average stood at $3.5 billion, a reading that arrived shortly after XRP set its all-time high at $3.40. From that peak, whale outflows are down 98.6%. The research reads the combination as a market that is “attracting less and less attention” from large-volume investors, whom it suggests may be waiting for more favorable prices before increasing exposure. CryptoQuant's longer-term caution is that a market without whale support could lack buying volume over time, even as the same note acknowledges the asset's notable resilience through the 2026 crypto bear market. A third datapoint rounds out the month: the realized profit/loss ratio dropped 41% in October as rangebound trading conditions returned, so realized profit shrank sharply relative to loss realization on-chain. That cooling in realized profit matches the tape, in which XRP has moved between roughly $1 and $1.70 over the measurement window. Read together, the series describe an XRP market in which mid-sized token movement toward exchanges runs at a seven-month pace, the largest holders withdraw at levels last seen five years ago, and profit-taking cools across the board. One reading treats the deposit wave as potential sell-side liquidity that whale withdrawals no longer offset; another treats it as repositioning ahead of possible accumulation. Whether the transfers precede selling or buying is the question the October data leaves open.

A single large transfer added a fresh datapoint on Oct. 20: a wallet that accumulated 300 million XRP at roughly $2 apiece in late 2025 moved 82.3 million tokens, worth between $106 million and $107 million, to a newly created address. The source wallet still holds more than 140 million XRP, and the receiving address shows no link to exchanges, which analysts read as internal portfolio balancing rather than preparation to sell. The same reporting also breaks out Binance's share of the deposit wave for the first time, putting 30-day inflows to the exchange at 1.669 billion XRP, its highest in seven months. On the demand side, cumulative net inflows into US spot XRP ETFs have reached $1.8 billion, a fund-based buying channel that sits apart from the exchange flows.

Where the Flow Data Stops

Our reading of the two series is that they answer different questions, and neither settles direction. The 6.05 billion in 30-day inflows measures how much XRP sits ready to trade on venues; the $49.7 million whale-outflow average measures how much large holders are pulling off them, and at a five-year low it points to thin accumulation interest. CryptoQuant's own framing leaves both a bearish and a neutral interpretation open, since wallet-to-exchange transfers can precede selling or simple repositioning. What the measurement does not settle is whether this deposit wave converts into selling pressure near $1.30. Traders weighing the price side of that question can follow our XRP technical analysis coverage. Until whale withdrawals turn higher, the 6.05 billion token figure stands on its own: a size, recorded and dated, with no confirmed follow-through yet.