- XRP’s exchange supply ratio spiked across Binance, Bithumb, Bitfinex, and Bitget in late September, reflecting synchronized whale-driven token transfers.
- Large holders moved substantial XRP volumes to trading platforms, with uniform patterns suggesting coordinated actions rather than scattered retail investor deposits.
- The sudden increase in XRP availability on exchanges indicates elevated market supply that may restrict upward movement and drive volatile trading conditions.
XRP has witnessed an extraordinary rise in exchange supply ratios across major platforms, raising questions over whether whales are preparing for a coordinated sell-off.
Exchange Supply Spike Across Major Platforms
On-chain data tracking XRP’s exchange supply ratio has revealed a sudden vertical surge across Binance, Bithumb, Bitfinex, and Bitget. This ratio measures the portion of circulating supply held in exchange wallets, often viewed as a precursor to market activity.
The increase became most evident in late September and early October 2025. Within days, holdings on these platforms grew rapidly, pointing to large-scale transfers from external wallets. The uniform spike suggests that the event was neither isolated nor coincidental.
While Binance and Bithumb carried the largest shares, all four platforms reported sharp increases. The synchronized behavior is raising questions among analysts monitoring whether this shift represents preparation for extensive trading activity.
Whale Activity Indicated by Coordinated Transfers
The magnitude and timing of these transfers indicate potential whale coordination rather than movements from small-scale investors. Historically, such actions precede periods of heightened selling activity and can introduce downward pressure on prices.
Large holders often move tokens onto exchanges to secure liquidity before executing substantial trades. In this case, the uniform surge across different regions and exchanges strengthens the likelihood of whale involvement.
Several market commentators on social media pointed to the unusual pattern. Tweets noted the almost vertical trajectory of supply growth, interpreting it as a rare alignment of large wallets acting together.
Market Outlook Under Rising Supply Pressure
With increased amounts of XRP now sitting on exchanges, the potential for elevated selling pressure is clear. A larger available supply usually slows uptrend momentum leaving prices open to retracements.
This development indicates XRP’s market situation could become volatile in the near term if whales start to execute large sell orders.Traders are now closely monitoring wallets associated with these transfers for further signs of trading activity.
While exchange supply ratios differ in scale across platforms, the timing and consistency of the surge amplify the alert. Market participants are therefore watching for potential downward moves if these tokens begin flowing into active order books.
