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NewsBTC 2026-05-10 01:00:45

XRP Whale-Retail Spread On Binance Falls To 2024 Levels — What’s Happening?

The XRP price remains range-bound as it has been over the past couple of weeks. As of the time of writing, the XRP price has appreciated by 1.86% over the past day, yet it has been unable to break above the $1.60 resistance. However, despite this apparent inertia, a notable shift is occurring on Binance, the world’s leading crypto exchange by trading volume. Related Reading: XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021 Binance Whale Vs Retail Spread Falls To 88% In a QuickTake post on CryptoQuant, analyst Amr Taha shares an update for the XRP market on the Binance exchange. The relevant indicator in this scenario is the XRP Binance Whale vs Retail Spread metric. For context, the metric measures the difference between large, whale-sized outflows and smaller, retail-sized ones on Binance. By extension of this primary function, the metric is used to tell if the market’s activity is more driven by its whales or by its retail traders. In the Quicktake post, Taha reveals that the Whale vs Retail Spread metric has fallen to approximately 88.8%, marking one of the weakest readings the indicator has shown since 2024. The crypto expert notes that, while the current reading is still quite positive, it still cannot be ignored that it has dropped significantly from its past highs of around 94%. Interestingly, periods where the spread was above 94% often reflect stronger retail activity. When retailers (one of the most reactive investor groups) are increasingly making transactions, it paints a parallel picture of growing speculative activity. Historical trends show this adds to XRP’s bullish price behavior. Related Reading: 14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It Below $80K What Declining Whale-Retail Spread Means For XRP Price Taha further states that, from a market-cycle perspective, the gap between current readings and the earlier 94%+ zone is widening. This suggests that the outflow patterns on Binance are increasingly deviating from those typically observed in retail-driven markets, especially near cycle tops. Nonetheless, this is not necessarily a bearish signal for XRP, as it only implies that the market would lose some retail speculation and the strength it often brings. Hence, if macro conditions remain stable, the XRP price might only see some mid-term weakness, not enough to trigger a bearish cycle. As of press time, the XRP price stands at $1.41, up 2.28% over the past 24 hours. Featured image from Dreamstime, chart from Tradingview

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