XRP Eyes $2 as Binance Data Shows Whale Selling Pressure Easing
11 Jun 2026 · 23:45 UTC · Bitcoin.com RSS Feed · Original source
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Summary
XRP is attempting to recover momentum toward a $2 price target as on-chain analysis reveals declining whale deposits on Binance after reaching peaks in 2025. According to Cryptoquant analysis, large-holder transfer activity has eased significantly. The article suggests recent XRP price weakness may be driven primarily by liquidations and broader market pressure rather than aggressive selling by major holders. The decline in whale-sized transfers could potentially support a recovery rally if the sustained selling pressure begins to subside.
Why it matters
The core mechanism is sentiment-driven: on-chain data showing reduced whale deposits signals decreased liquidation risk, which could encourage technical recovery trading in altcoins. Cryptoquant metrics are measurable though subject to interpretation variation. The article attributes weakness to liquidations rather than coordinated whale dumping, suggesting the technical setup may be bullish if pressure eases. Altcoins are generally more volatile and sentiment-sensitive than BTC. Key uncertainties: (1) severely truncated content prevents full narrative assessment, (2) no current XRP price context provided for the $2 target, (3) Binance inflow data can be lagging or concentrated in specific wallet types, (4) broader market pressures may overwhelm positive XRP signals, (5) source credibility is low (0.3), suggesting content may be oversimplified or biased. Short-term impact (minute/hour) is speculative; daily-weekly timeframes align better with technical analysis cycles.
Expected impact
The article reports that whale selling pressure on XRP may be easing based on declining Binance inflows after 2025 peaks, which could support near-term altcoin sentiment. Reduced large-holder deposit activity may alleviate concerns about major liquidations and could enable recovery momentum toward the $2 price target. Altcoins would experience stronger positive sentiment impact than Bitcoin, as this is asset-specific technical analysis. However, the article acknowledges that broader market pressure and liquidations remain as headwinds. The truncated content, low source credibility (Bitcoin.com at 0.3), and speculative price targets limit the reliability of directional predictions. BTC would see minimal direct impact, with any spillover effects dependent on broader alt-to-BTC correlation.