Ripple's XRP saw whale-to-exchange transfers drop by over 98% between June 12 and June 15, according to CryptoQuant data.
Sharp Decline in Whale Transfers
CryptoQuant reported that transactions moving XRP from large holders to Binance fell from 33,704 on June 12 to just 554 on June 15. The rapid contraction suggests that dominant investors are holding back, reducing immediate selling pressure on the crypto market. Analysts interpret the slowdown as a potential sign of confidence among investors in the near‑term price stability of XRP.
Price Resistance and Support Zones
XRP continues to test the $1.20 resistance level, while key support areas cluster around $1.14 and $1.10. Maintaining a position above the $1 psychological threshold has helped the token stay resilient despite broader market volatility. Investors watch these price markers closely, as any breach could trigger swift reactions across the blockchain ecosystem.
Upcoming XRPL Core Update
Version 3.2.0 of the XRPL core software begins rolling out on June 15, targeting a reduction of node memory consumption by up to 40%. The upgrade aims to enhance the efficiency of the blockchain infrastructure, which may attract further institutional interest in XRP. Market participants anticipate that the improved performance could bolster confidence