XRP Exchange Inflows Surpass 6 Billion Tokens as Whale Outflows Hit Five-Year Low

Rolling 30-day inflows of $XRP to cryptocurrency exchanges reached 6.05 billion tokens on Oct. 19, setting a seven-month peak, according to research from onchain analytics firm CryptoQuant ¹. The 30-day deposit volume has doubled since mid-August, coinciding with price swings that carried the asset from roughly $1 to $1.70 before settling near $1.30 ¹. At the time of writing, XRP changed hands at $1.29.

CryptoQuant observed that the surge above 6 billion tokens points to shifting asset movements toward centralized platforms, potentially reflecting higher trading velocity, liquidity consolidation, or routine wallet-to-exchange transfers ¹. Concurrently, the token's realized profit-and-loss ratio declined 41% across October amid rangebound trading conditions ¹.

Whale Outflows Drop to 2021 Levels

While aggregate deposits increased, large-scale withdrawals decelerated sharply ¹. The 90-day moving average of whale outflows from exchanges dropped to $49.7 million, representing its lowest level since October 2021 ¹. The metric has tumbled 98.6% since reaching $3.5 billion in February 2025 following the token's all-time high of $3.40 ¹. CryptoQuant indicated that without substantial whale accumulation, the asset may face an absence of buying volume as major holders await more favorable pricing ¹. Institutional exposure to the ecosystem has previously surfaced through corporate initiatives, including Evernorth's transaction to list a 473M XRP treasury ¹.

Muted positioning also appeared across broader digital assets ¹. Onchain analysis from Glassnode showed $BTC traded within an $80,000 to $87,000 corridor in October, leading to reduced profit-taking ¹. Bitcoin's realized profit-and-loss ratio fell from 0.8 to 0.4 over the past week—a 50% slide that Glassnode described as a sign of subdued participant sentiment and declining aggressive spending ¹.