XRP continues to trade below a key technical indicator even as whale selling pressure on Binance eases, according to a new analysis from CryptoQuant. The cryptocurrency is currently priced at $1.12, beneath the McGinley Dynamic indicator, which sits between $1.15 and $1.16. This adaptive moving average is used to identify dynamic support and resistance, and prices below it typically signal weak momentum.
Whale Activity Eases But Recovery Stalls
CryptoQuant data shows that both Whale Flow and Whale Transactions on Binance stand at 417, indicating that large holders are not actively moving significant amounts of XRP to the exchange. This marks a decline from early June, when several spikes in whale transfers were recorded, coinciding with a sharp drop in XRP from the $1.30-$1.50 range. The reduction in inflows suggests selling pressure has moderated, but the asset has yet to reclaim the McGinley Dynamic level.
Despite the improvement in whale activity, the market outlook remains mixed. CryptoQuant noted that the McGinley Dynamic continues to point to a bearish short-term trend, while Whale Flow data is neutral to positive. XRP needs to reclaim the indicator to support a stronger recovery. If the price stays below and large inflows to Binance increase again, another decline could follow. However, downside risks may be limited as long as the Whale Transaction support zone near $1.08 holds.
Divergent Analyst Views and Institutional Inflows
Market analysts are divided on XRP's next move. Some traders believe a break above the $1.18-$1.30 range could trigger a rally, while a move below $1.08 may invalidate the bullish setup. More optimistic forecasts project targets as high as $8 or even $17, though such gains would require a massive increase in market value amid low user engagement on the network.
Institutional demand for XRP has remained relatively strong despite weakness across the broader crypto ETF market. Over the past week, XRP-focused exchange-traded funds attracted more than $10.6 million in inflows. In contrast, US-based spot Bitcoin ETFs recorded outflows of $227 million, and Ethereum funds lost more than $10 million during the same period.