- XRP Outflow Whale Dominance has risen to 90.5% across centralized exchanges.
- Analysts typically use whale behaviors to gauge the cryptocurrency market’s pulse.
- Ripple has adopted a new strategy of acquiring non-crypto native companies.
On-chain data suggests an increasing whale dominance in the XRP ecosystem. As revealed in the latest XRP CryptoQuant analysis, the XRP Outflow Whale Dominance on the Binance crypto exchange surged to 91.4%. Its highest level since 2024.
Beyond Binance, on-chain data reveals that the Whale dominance of XRP across the broader centralized exchange (CEX) ecosystem has risen to 90.5%, while the cryptocurrency’s retail share has fallen to 9% to reach multi-year lows.
Gauging the Market Using Whales’ Behavior
Typically, cryptocurrency analysts use whale behavior to gauge the market’s pulse, particularly when it is unique to a segment of the industry. Ideally, a surge in whale outflows from CEXs points toward accumulation. Under such conditions, traders assume that whales are pulling their assets out of CEXs in preparation to hold them for the long term, which is usually an early signal for a bullish future.
However, it is worth noting that this is only an assumption, and the whale outflows do not confirm accumulation, because exchange outflows can happen for several reasons. Nonetheless, it is important to highlight some of the key dynamics within the XRP ecosystem.
XRP retail dominance reached one of its strongest levels in July 2025, while the cryptocurrency traded close to its peak at around $3.5. A sharp decline of more than 61% followed this retail-heavy structure, reflecting how fragile a market dominated by smaller participants can be.
Ripple’s New Strategy
The overall dynamics suggest increasing stability for the overall XRP network and align with key developments around Ripple, including several updates, partnerships, and acquisitions. Beyond simple acquisitions, Ripple’s strategy revolves around purchasing previously non-crypto native companies and bringing them on-chain. Many analysts believe this could be the kind of institutionalization driving the whale culture in the XRP network.
Two acquisitions stand out for Ripple during this period, including the purchase of GTreasury, a corporate treasury management software provider used by multinational companies, acquired for $1 billion, and Hidden Road, a global multi-asset prime broker for institutional traders. According to Ripple CEO Brad Garlinghouse, Ripple’s strategy in acquiring non-crypto native companies is to gently bring the liquidity from these mainstream giants into the stablecoin and digital asset ecosystem.
With the change in dynamics, XRP users expect a significant change in how the network operates, with most hoping that the evolving ecosystem will promote the digital asset’s demand and boost its value.
Related: Ripple CEO Says He’s “Not an XRP Maxi,” Wants Bitcoin to Succeed
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