XRP whale outflows from Binance fall to five-year low, Darkfost data shows
In brief
- XRP's 90-day Binance-to-whale outflow average fell to roughly $49.7 million as of October 20, 2026.
- Darkfost and CryptoQuant data place the reading at its weakest level since October 2021.
- The measure peaked at about $3.5 billion in February 2025, Crypto Briefing reported.
- Darkfost tied the slowdown to XRP's relative price resilience during the current bear market.
From $3.5 billion to under $50 million
The 90-day average is widely watched as a gauge of whale accumulation, which is why the drop stands out. In February 2025, the same measure peaked at approximately $3.5 billion, according to Crypto Briefing. As of October 20, it sat near $49.7 million.
That's a long way down.
Large holders haven't disappeared from the order flow, though. In late September 2026, whales accounted for approximately 82% of total centralized exchange outflows at one point (a share that later tapered off), and the report said that figure showed big wallets can still dominate flows when they choose to act. Exchange balances moved too: in the weeks leading up to October 20, combined Binance and Upbit reserves fell by approximately 104.7 million XRP, Crypto Briefing reported.
Why whales are sitting still
So what's slowing them down? Darkfost attributed the slowdown to XRP's relative price resilience during the current bear market. When prices don't fall much, the report said, large buyers have less reason to accumulate aggressively.
The report contrasted this with the 2022 and 2023 bear market lows. Back then, deeper price drops created incentives for large-scale accumulation, and whales took advantage.
Darkfost suggested existing large holders are likely holding out for better entry points before committing more capital.
The analyst's warning
Darkfost's main concern is buying volume. In the analyst's view, XRP's long-term buying volume support could weaken further without renewed whale participation. That's Darkfost's reading of the CryptoQuant-backed flow data, and it's framed around buying support rather than a call on XRP's price.
Frequently asked questions
How low have XRP whale outflows from Binance fallen?
According to on-chain analyst Darkfost, with CryptoQuant data, the 90-day moving average of XRP outflows from Binance to large-holder wallets fell to roughly $49.7 million as of October 20, 2026. That's the weakest reading since October 2021. The same measure peaked at approximately $3.5 billion in February 2025.
Why have XRP whales slowed their buying from Binance?
Darkfost attributed the slowdown to XRP's relative price resilience during the current bear market. When prices don't fall much, large buyers have less reason to accumulate aggressively, the report said. Darkfost suggested large holders are likely holding out for better entry points.
What did Darkfost warn about XRP buying support?
Darkfost warned that XRP's long-term buying volume support could weaken further without renewed whale participation. The report also noted that whales made up approximately 82% of centralized exchange outflows at one point in late September 2026, showing they can still dominate flows when they act.
