XRP Whale Accumulation: Positioning Or Confirmed Buying in June 2025?

However, the narrative shifted by late June. In the seven-day rolling window ending June 23, Binance's XRP withdrawal share hit 53.8% of all XRP activity on the exchange — the highest since June 2024 — while deposit share fell to 46.1%, described as a two-year low . Outflows still outran inflows on Binance, but the later signal is more about continued withdrawal dominance than a fresh repeat of the earlier 720M+ XRP surge .

The Coinbase Divergence: A Critical Missing Piece

Perhaps the most important nuance in the data is the split between major exchanges. Coinbase's share of XRP outflows above 1 million XRP reportedly fell sharply from about 31% to 10% in early June, while large XRP withdrawals became more concentrated on Binance . By June 9, Binance's above-1M XRP outflow share had climbed from 47% to 52.9% .

This makes the whale-outflow narrative less broad-based across exchanges and more dependent on Binance-led activity . The strongest exchange-flow signal was not uniform across venues: Binance showed a multi-year-high withdrawal share, while Coinbase's largest-outflow category declined sharply . That weakens the idea of a simple, market-wide "pure accumulation" signal, because the outflow story appears concentrated rather than evenly distributed .

The Whale Signal: Dominance, But With Narrowing Spread

CryptoQuant data shows that XRP whale outflow dominance on Binance hit 91.4% in May, meaning large holders (wallets with >10,000 XRP) drive the overwhelming majority of withdrawals . However, the whale vs. retail spread — a measure of how dominant large holders are relative to smaller participants — fell to 88.3%, its lowest level since May 2024 . This narrowing gap signals a structural shift, but not one that automatically predicts a price rally .

Similar readings in the past have coincided with significant price moves — a 91.4% reading in October 2024 preceded a 525% rally, and a similar figure in June 2025 preceded a 71% climb to the $3.65 cycle high . But past performance is not a guarantee, and the current macro environment differs.

New Wallet Creation: A Mixed Picture

The new-wallet data is not straightforward. Multiple sources confirm a significant decline in new XRP wallet creation over 2025. Data from Glassnode shows that new wallets on the XRP Ledger fell from above 30,000 daily in January 2025 to below 5,000 daily by mid-June 2025 — an 80% crash . Daily active addresses also plunged from 577,000 to 34,000 over the same period .

However, there were recent positive signals. Santiment data cited in late June 2025 shows that the XRP Ledger added 4,941 new wallets in a single day, the highest in 14 weeks . This suggests some network growth, but it is a far cry from the 30,000-per-day levels seen earlier in the year. The broader trend remains one of declining retail interest and network activity.

Price Action Near $1.05: The Elephant in the Room

XRP was described as stuck in a $1.05–$1.18 range for most of June, with price around $1.05–$1.13 in the cited snapshot and negative short-term performance . A separate price report said XRP was trading near a roughly 19-month low, with attention shifting toward the psychologically important $1 level after a sharp decline . The token had fallen 68.5% from its July 2025 peak of $3.65 .

By June 26, XRP had broken below the critical $1.05 support zone, trading near $1.03 and threatening the $1 mark . This weak price action conflicts with the bullish outflow narrative, because exchange withdrawals alone had not produced a durable price floor in the cited data .

Positioning vs. Confirmed Buying Intent: The Verdict

What points toward positioning: The raw volume of exchange withdrawals, the Binance-led 425M XRP outflow, and Binance's later 53.8% withdrawal share all fit a pattern of tokens moving off exchanges, which is consistent with possible medium-term accumulation or custody preparation . Historical precedent shows similar outflow spikes preceded major rallies .

What undercuts confirmed buying intent: Price action remained weak near the lower end of the cited June range, Coinbase's largest-outflow share fell sharply, and the exchange-flow signal became more concentrated on Binance rather than broadening across venues . New wallet creation was at an 80% low, and daily active addresses collapsed .

Several reports frame the outflows as conditions that may align with accumulation opportunities, but that is not the same as proof of aggressive spot buying already strong enough to reverse price weakness .

Bottom line: The cited June data shows positioning intent — especially large outflows and Binance-led withdrawal dominance — but not confirmed buying intent, because price remained weak and the whale-flow signal was uneven across exchanges . The pattern is best described as incomplete accumulation: large holders may be moving inventories off-exchange, but aggregate spot demand had not yet clearly overpowered selling pressure in the available data .