XRP whales are back, but Binance’s supply surge raises a key question

$XRP ($XRP) reserves on Binance reached their highest level since November 2025. At the same time, on-chain metrics indicate that whales could return to the market..

Although the increase in foreign exchange reserves may be a sign of growing trade supply, the return of positive whale flows suggests that large investors may be absorbing this liquidity, pointing to a potential shift in the $XRPmarket structure.

$XRP Binance Reserves Rise as Whale Flow Turns Positive

According to analyst Arab Chain, the reserves of $XRP on Binance have climbed to around 2.78 billion tokens, reversing a decline that began in late 2025. Exchange balances had previously fallen by more than 2.8 billion tokens. $XRP to around 2.55 billion by February, suggesting a reduction in tradable supply during this period.

“Structurally, an increase in reserves on exchanges is often interpreted as a potential increase in tradable supply in the spot market, as a greater quantity of coins becomes available for immediate trading. However, this does not necessarily imply immediate selling pressure, as it may also reflect increased trading activity or investor positioning ahead of potential market movements,” the analyst wrote.

At the same time, the most notable development could be on the demand side. $XRPThe Whale Flow 30-day moving average (30DMA) turned positive in March for the first time since November 2025, ending a four-month stretch of negative readings.

This measure tracks the net flow of capital from large holders. A shift from negative to positive suggests that whales have moved from net distribution to net accumulation. If sustained, this buying pressure could absorb a large portion of the newly available FX supply without weighing heavily on the price.

These developments occur while $XRP continues to recover alongside the market as a whole. Data from BeInCrypto Markets showed that the altcoin climbed 10% over the past 24 hours, posting the highest gains among the top 10 cryptocurrencies by market capitalization.

At the time of going to press, $XRP Trading at $1.58, its highest price since mid-February. Whether the current whale reentry can keep prices elevated or whether increased FX supply ultimately creates overhead resistance may become clearer as the month progresses.

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