# XRP Whale Deposits Rise to Seven-Month High as Price Tests Key Support

- URL: https://stocks.freetheai.org/news/xrp-whale-deposits-rise-to-seven-month-high-as-price-tests-key-support-ddad49
- Published: 2026-10-15T12:15:00Z
- Category: crypto; sentiment: bearish; impact: medium
- Symbols: [BITSTAMP:XRPUSD](https://stocks.freetheai.org/symbols/BITSTAMP-XRPUSD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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- Not financial advice: https://stocks.freetheai.org/disclaimer

Large XRP (BITSTAMP:XRPUSD) investors have increased coin transfers to Binance, pushing 30-day deposits to nearly 1.6 billion tokens. This level represents a seven-month peak and roughly four times the volume recorded in late July. The surge in exchange deposits coincides with downward price movement, as the digital asset has fallen roughly 20% since reaching a high near $1.66 in late September.

Rising transfers to centralized exchanges expand the supply of tokens available for immediate trading, which can increase downward pressure on market prices. On-chain metrics present a mixed signal: daily active accounts grew 10% and overall daily transactions remained near 2.4 million, but payment volume dropped 52% and total payment transactions fell 38%. The disparity suggests current network usage is dominated by trading activity rather than commercial transfers.

Market participants are monitoring key technical levels as XRP trades around $1.34 after dropping below its 100-day and 200-day moving averages near $1.38. Technical indicators show primary price support near $1.28, with a lower support zone between $1.00 and $1.05. A move back above $1.38 would be needed to restore upward momentum, while continued exchange inflows could keep pressure on price support levels.

## Key points

- Monthly whale deposits of XRP to Binance reached nearly 1.6 billion tokens, marking a seven-month high.
- XRP has fallen approximately 20% from its late September peak near $1.66, dropping below key moving averages.
- Network payment volume decreased 52% even as active user accounts increased 10%.
- Immediate price support sits near $1.28, with potential major support between $1.00 and $1.05.

## Questions and answers

### Why are XRP whale deposits to Binance increasing?

Large holders transferred nearly 1.6 billion XRP to Binance over 30 days, a seven-month high. High exchange deposits mean more tokens are available for trading, which can increase potential selling pressure.

### What are the key price support levels for XRP?

XRP faces immediate technical support near $1.28 after dropping below its 100-day and 200-day moving averages around $1.38. If price falls below $1.28, the next major support zone sits between $1.00 and $1.05.

### How are XRP network transactions performing?

Daily active accounts rose 10% and overall transactions held steady near 2.4 million daily. However, total payments dropped 38% and payment volume fell 52%, indicating network activity is being driven by trading rather than payments.