XRP Whales Buy $152M as Binance Supply Hits Multi-Year High

Edgen Crypto·Mar 17 2026, 08:52

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Key Takeaways

XRP is presenting conflicting signals for investors as large-scale whale accumulation clashes with rising exchange supply. While on-chain data shows deep-pocketed investors are buying the dip, a simultaneous increase in XRP held on Binance could indicate mounting selling pressure, creating a tense setup for the token's next move.

Whale accumulation signals bullish confidence as wallets holding between 100,000 and 100 million XRP added 110 million tokens, valued at $152 million, in March 2026.
Binance reserves create bearish pressure, with the amount of XRP on the exchange reaching its highest level since November 2025, a sign that more tokens are available to be sold.
XRP consolidates within a tight technical range, finding strong support at $1.34 while facing significant resistance at $1.45, a key level that must be broken for a potential 14% upside move.

Whales Acquire 110 Million XRP Worth $152 Million in March

On-chain data confirms that large-scale investors are accumulating XRP despite its recent price consolidation. Since the beginning of March, wallets holding between 100,000 and 100 million XRP have increased their balances by 110 million tokens, an investment totaling $152 million. This aggressive buying occurred as XRP's price retreated 4.4% over the past week, suggesting that these deep-pocketed players are capitalizing on the lower prices.

The most active cohort consists of whales holding between 10 million and 100 million XRP, who alone added 70 million tokens to their holdings. This sustained buying pressure from sophisticated investors is establishing a strong demand floor for the token, potentially absorbing sell-side pressure and setting the stage for a future price recovery.

Binance XRP Reserves Reach Highest Point Since November 2025

Contradicting the bullish accumulation trend, XRP reserves on the Binance exchange reached their highest level since November 2025, according to data from March 16. An increase in exchange supply is typically viewed as a bearish signal, as it suggests that investors are moving tokens onto the platform in preparation to sell. This divergence has created a state of indecision in the market, with XRP trading in a narrow range between a strong support zone at $1.34 and a significant resistance level near $1.48.

The market is now caught in a tug-of-war between smart-money accumulators and the potential for increased selling from exchange-held tokens. The resolution of this conflict will likely dictate the token's short-term price direction and could lead to a period of heightened volatility.

XRPL Network Activity Triples as Technicals Point to Breakout

Underlying the conflicting market signals, activity on the XRP Ledger (XRPL) has expanded significantly. Daily transactions on the network nearly tripled to 3 million this week from approximately 1 million in mid-2025, indicating a sharp rise in fundamental usage. This network growth is occurring as technical indicators suggest a major price move is imminent.

XRP's Bollinger Bands have become extremely compressed, a condition that historically precedes periods of high volatility. For a bullish move to materialize, the price must decisively break above the $1.45 resistance area, which also coincides with the 200-day exponential moving average. A successful breakout above this level could trigger a move toward $1.65, representing a potential 14% gain.