XRP Whales Move $900 Million to Binance as Price Crashes to $1.08

XRP holders moved about 691 million tokens, worth roughly $900 million, into Binance in a single 24-hour stretch, the largest one-day whale inflow to the exchange since 2024, per CryptoQuant on-chain data. XRP traded near $1.3 as the deposits went through.

Exchange deposits usually read as tokens moving to where they can be sold, and the price action over the same period fits that reading. XRP fell to about $1.08 on 9 November, its lowest since August, down about 6.7% over 24 hours with a market capitalisation of roughly $70 billion, as total crypto liquidations topped $1 billion.

• The news: about 691 million XRP, roughly $900 million, was deposited to Binance within 24 hours, the largest single-day whale inflow to the exchange since 2024, per CryptoQuant on-chain data.
• The key figure: XRP traded near $1.08 on 9 November, its lowest since August, about 70% below its $3.66 record and roughly 6.7% down over 24 hours.
• What comes next: Polymarket prices a 49% chance that XRP dips to $1.00 in November and 6.9% for $0.80, with the 14-day relative strength index near 28.

Whale Deposits Beat the Last Capitulation

The 691 million tokens were the heaviest single-day inflow to Binance since 2024, past a record set during a capitulation phase when large holders moved XRP to exchanges en masse. When that earlier record was set is not settled, with reports differing by a year (February 2025 in one version, February 2026 in others), so treat the comparison as directional rather than dated.

The slower trend points the same way. XRP's 90-day moving average of daily whale deposits climbed above $100 million, its highest level in nearly six months.

The Counter-Signal: 418.5 Million XRP Left Binance

Not every large holder moved in the same direction. On 4 November, users withdrew 418.5 million XRP from Binance, worth just under $540 million at the time, which CryptoQuant analyst Darkfost called the largest outflow day in nine months.

CryptoQuant's exchange scarcity index for XRP on Binance swung from negative territory through September and October to 2.1 in early November, its highest reading since 2022, a print that points away from supply piling up on the exchange. Analyst Ali Martinez counted roughly 60 million XRP accumulated by whale addresses over seven days, and wallets holding at least one million XRP reached 2,147 last week, their highest count of 2026.

So the same week produced deposits that read as distribution and withdrawals and accumulation that read as the opposite. Which signal wins shows up in price and in exchange balances over the following weeks, not in one daily print.

XRP ETF Flows Went to Zero in Early November

US spot XRP ETFs recorded zero net flows from 3 to 6 November, and assets under management fell from $1.425 billion to $1.34 billion over the week, equal to 1.82% of XRP's market capitalisation.

October inflows sank to $18.8 million from $121.4 million in September, and cumulative net inflows since launch stand at $1.81 billion. US spot Bitcoin ETFs shed about $1.3 billion over the same week, which points to a market-wide retreat rather than a verdict on XRP itself.

What Would Confirm the Selling Case

XRP's 14-day relative strength index sits near 28, with one trader's chart dipping as low as 24. Readings below 30 are treated as oversold, which describes how stretched the fall is rather than what comes after it.

Polymarket prices a 49% chance that XRP dips to $1.00 in November, against 6.9% for $0.80. The token is about 70% below its $3.66 record and slid from $1.55 in early October to the $1.08 low it last touched on 20 August.

Holding above $1.08 keeps the accumulation reading alive, since the 4 November withdrawal, the scarcity index at 2.1 and the rising count of million-XRP wallets all point to large holders absorbing supply. A break below that level would put the $1.00 contract, priced at 49% for November, in play.