XRP images the whale exchange and the exchange has fallen more than 98% in the last three days crypto currency struggles to recover resistance at $1.20.
In this line, CryptoQuant data shows the XRP Ledger’s Whale to Exchange Transactions metric on Binance dropped from 33,704 on June 12 to 554 by June 15.
A large decline indicates a significant change in the behavior of whales, as large displacement changes are often associated with potential sales.
The recent decline follows earlier periods in 2026 when the influx of XRP to Binance raised concerns about distribution from major holders.
Impact of whale transaction on the price of XRP
A decrease in the activity of the fish on the exchange may help reduce concerns about the near-term sale, although traders are still looking to see if XRP can establish a continuous movement above $ 1.20. The main support levels are around $1.14 and $1.10.
Although different opinions around the world cryptocurrency marketXRP has remained strong, continuing to hold above the emotionally important $1 level.
Lower exchange inflows could reduce the amount of readily available supply that may be sold into the market, although broader market conditions, regulatory developments, and institutional demand through exchange-traded funds remain key drivers of price action.
Beyond the whale activity, investors are also monitoring the XRP Ledger activity. Version 3.2.0 of the main XRPL software will be released on June 15, introducing changes to reduce node memory usage by up to 40% and improve network efficiency.
While the upgrade is not expected to support current rates, it strengthens the network as adoption and flexibility remain critical to the ecosystem.
The price of XRP
At press time, XRP was trading at $1.18, up 3.6% over the past 24 hours and 3% over the week.
However, the technical characteristics of XRP remain weak. The indicator is trading below its 50-day moving average (SMA) of $1.33 and the 200-day SMA of $1.58, indicating that the short-term and long-term trends remain.
Meanwhile, the 14-day Relative Strength Index (RSI) stands at 38.18, putting XRP in neutral but close to oversold territory.
The reading shows that selling pressure has eased from the recent lows, although buyers have not yet gained enough strength to warrant a sustained change.
