Currently, large cryptocurrency transfer operations (XRP) account for 94.4%, meaning that every dollar of XRP moves 94 cents in large transactions. Individual transactions represent 5.5%. This concentration has been repeated twice in the available data: in October 2024 and June 2025. In both cases, the XRP price surged sharply in the following weeks.

The pattern is specific enough to take seriously. However, it is not specific enough to act on without understanding the factors that drove the movements after those previous readings, and whether those conditions still exist today.

What the indicator actually measures
The dominance of large whale flows indicates that major cryptocurrency holders are withdrawing XRP from Binance in concentrated batches. The common interpretation is accumulation, where whales withdraw coins to their private accounts in anticipation of an expected move. This interpretation aligns with the results in October 2024 and June 2025.