XRP whale wallet withdrawals top 720M as risk-adjusted return data points to opportunity
Summary
Since June 3, over 720 million XRP have left exchanges, with Binance accounting for 425 million of the outflows. The withdrawals are concentrated in whale-sized transactions, reducing XRP available on order books but not proving accumulation. Upbit’s share of XRP wallet flow has surged to 31%, its highest since May 2024, as deposit activity shifted toward the South Korean exchange. XRP also rebounded 5% to about $1.30, while Binance’s whale-vs-retail withdrawal spread remains near 90%, showing large holders still dominate outflows. Meanwhile, XRP’s Sharpe ratio is still negative at around -0.36, a level often associated with bearish consolidation but sometimes preceding stronger long-term returns.
