XRP Shifts Gear: Binance Data Sparks Hope for Price Reversal

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News XRP fell further to a low of $2.06 on Thursday, as selling pressure persisted even on the broader crypto markets. Advertisement The early 2026 rally across the crypto market seems to have cooled off, with various crypto assets sustaining losses. In the last 24 hours, total liquidations across the crypto market rose above $479 million, with longs accounting for $434 million of this figure. At press time, XRP was trading down 6.43% in the last 24 hours to $2.08, entering its third day of dropping since Jan. 5. HOT Stories Morning Crypto Report: XRP Bulls Are Safe From Max Pain, Zcash (ZEC) Rockets 9,780% in Liquidation Imbalance as Core Team Exits, Binance Announces Gold and Silver Listings Can Bitcoin Reach $250,000 in 2026? Billionaire Draper Makes Major Prediction Crypto Market Review: Was Shiba Inu (SHIB) Zero Removal Trap? Ethereum (ETH) Strength at $3,200 Is Unmatched, XRP's Symptoms of Dead Cat Bounce Morgan Stanley Files for Bitcoin and Solana ETFs, Shiba Inu (SHIB) Price Erases Zero, Bollinger Shares XRP Warning — Crypto News Digest XRP had risen for five days at a stretch at 2026's start in a run that was strong enough to earn the "new crypto darling" label in a CNBC segment. Advertisement A sharp surge on Jan. 5 saw the XRP rise from $2.08 to $2.36 in a single daily candlestick. The surge on Jan. 6 saw XRP reach $2.41, a high last reached in mid-November, but bulls could not sustain the momentum as the XRP price fell afterward. Binance data sparks reversal hopes According to on-chain data analytics platform CryptoQuant, whale XRP flows have declined, which might signal reduced selling pressure. Whale XRP Flows to Binance Decline, Signaling Reduced Selling Pressure “Decline in whale flows since mid-December, although still at relatively high levels, is a positive sign in the medium term, as it reduces the likelihood of a sudden sell-off.” – By @ArabxChain pic.twitter.com/P646tKZe1u — CryptoQuant.com (@cryptoquant_com) January 8, 2026 A recent CryptoQuant analysis indicated that, based on data on XRP flows to Binance, whales account for nearly 60.3% of total flows, compared to 39.7% for retail investors. Advertisement While whales still represent the largest share of flows, the overall trend since mid-December clearly indicates a decline in this percentage after peaking at over 70% in November and early December. A surge in whale flows to exchanges is often seen as preparation for selling, while a decline suggests a drop in selling pressure from major players. XRP's surge at the start of the year allowed it to surpass the daily MA 50 at $2.01, which had capped its price since early October; it will now be watched if XRP can convert this level, which was previously resistance, into support to continue its price climb. #XRP #XRP News #Binance #XRP Price Prediction