Binance XRP Taker Buy/Sell Ratio Hits 1.076, a Three-Month High

Taker Ratio Tops 1.076 on Binance

Buying pressure around XRP reached a milestone on Binance on October 29: the taker buy/sell ratio climbed to about 1.076, its highest level in three months, according to a CryptoQuant analysis of exchange order flow. The XRP price itself moved little on the news, holding near $1.29, though the token remains about 1.4% lower over the past 24 hours. The ratio compares the volume of orders executed instantly against resting orders in the order book, so a reading above 1 means market buyers lifted offers faster than sellers hit bids on Binance, the largest crypto exchange by volume. Prior readings had sat below 1 for weeks, which makes this break above parity the first of the current stretch.

CryptoQuant's note is explicit about the limits: the metric reflects one venue's order flow, it does not measure net demand across every trading venue, and on its own it does not confirm a price advance. A wider look at whale behavior tempers the bullish read too. Transfers of more than 1 million XRP into Binance rose from August before easing back to normal levels, and transfer records alone do not prove executed sales or deliberate accumulation. Wallet-balance data tells a similarly two-sided story: Binance's XRP holdings fell about 73.1 million coins between September 26 and October 4, then climbed from 2.6 billion to 2.66 billion coins between October 5 and October 20. A separate 30-day count earlier in the month put whale withdrawals from the exchange near 1.38 billion XRP, a gross figure that excludes deposits rather than a net outflow, and none of these readings reveals who stood on the other side of filled orders.

Whale Holdings and November's Split Record

Accumulation by large holders is the counterweight to that caution. Market analyst Versan Aljarrah whale holdings at a late-2022 high, the largest share of the XRP supply since that period, a build-up that contrasts with a price stuck in a narrow range. The token has lost about 14% over the past 30 days and roughly 30% since the start of the year. Technically, analyst Ali Martinez sees an inverse head and shoulders forming on the daily chart, a three-trough pattern whose middle low is the deepest and whose confirmation typically marks a trend reversal. The support and resistance map for the setup puts key support near $1.25; a successful defense would aim for the neckline near $1.55, and a daily close above it would put $2.10 in sight. Losing $1.25 opens a path toward roughly $0.98. More detail sits in the running XRP technical analysis.

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Whale holdings at a late-2022 high.

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Institutional demand remains the weak spot. Spot XRP ETFs recorded only $10.9 million in net inflows through October, putting the month on track to be the smallest positive month since the products launched, aggregate ETF flow data shows. That follows a much stronger institutional stretch earlier in the year, when XRP ETF net inflows crossed $1.8 billion. Seasonality cuts both ways. November returns from 2018 through 2025 average +47.7%, but the median is -11.2% and only three of eight years closed higher. The 2024 month, at +283%, drives most of that average; earlier years hold outliers of their own, including +531.9% in November 2013 and +178.3% in 2020, while a longer sample keeps the median near -10%. From 2021 through 2025 the month was mostly negative, with 2023 the lone gain. Whether this year's whale build-up and firmer taker flow can turn a historically split month into the start of a bull market is the question the next sessions answer.

Our live composite levels frame the squeeze the tightest. The strongest resistance sits at $1.3401, scored 100 out of 100 where the 20-day and 100-day moving averages and the Ichimoku Cloud bottom converge, while support at $1.2536 scores 95 out of 100 just below the market. Derivatives positioning is nearly neutral: the perpetual funding rate reads 0.0035% and the long/short account ratio stands at 3.73, with 78.9% of accounts long. The daily MACD still prints a bullish crossover while the RSI holds at 39.75, leaving the trend sideways. A daily close above $1.3401 would hand buyers the $1.55 neckline test; losing $1.2536 would hand the tape back to sellers.