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Linda Jones, a widely followed wealth mentor in the crypto community, recently agreed with a claim that XRP could make holders rich.
The original view came from technical analyst Steph. In a tweet, he posted a chart from the analytic platform CryptoQuant to argue that “whales are all in on XRP.” Accordingly, he declared that XRP holders “are all going to be rich.”
Responding to the sentiment, Jones remarked, “Yep,” giving a thumbs-up to Steph’s view. Recall that she recently expressed that XRP could be worth $100 per token, netting current holders around 4,445% upside.
Yep. https://t.co/341vobB0oL
— Linda P. Jones (@LindaPJones) January 9, 2025
Details of Observed Whale Engagements with XRP
Notably, the chart shared by Steph contains data on inflows from XRP whales to the most liquid crypto exchange, Binance. Specifically, the chart shows a high volume of XRP whale transactions with Binance in recent weeks.
The trend picked up momentum in the last quarter of 2024 but reached an unprecedented height in the first week of January 2025.
As of January 2, whale-to-exchange flow had a transaction count of 63,968, the highest in recent years. This metric is further confirmed by exchange inflow data, with CryptoQuant recording an influx of 2.73 billion XRP to Binance on January 4. It is worth mentioning that the massive inflow was canceled out by an outflow of 2.87 billion XRP on the same day.
Meanwhile, as of yesterday, January 9, the whale flows to Binance have cooled off, reporting a transaction count of only 3,305. In terms of XRP quantity, CryptoQuant reported only 134 million XRP inflow to the exchange on January 9.
Typically, heightened inflow from whales to exchanges is a bearish signal, as it implies they are actively trading their holdings. However, Steph overlooked this factor and interpreted the development as bullish. He is likely banking on continued whale engagement with XRP to improve the token’s value in the long run.
XRP Spikes with Binance Whale Activities
Interestingly, over the last four weeks, each instance of high outflow from whales to Binance corresponded with a spike in XRP’s price. Likewise, cases of dropping flow from whales coincided with a plunge in XRP’s price.
For instance, on December 24, whale transactions to Binance spiked to 28,013. This spike mirrored XRP’s price recovery to $2.32. Similarly, when whale transactions to Binance plummeted to just 770 on December 30, XRP’s price dropped to below $2.
In the most recent cases in January, when whale-to-exchange transactions hit 63K on January 2, XRP was trading high at $2.5. Also, just as XRP’s price dropped to $2.20 yesterday, transactions by whales to Binance dropped similarly.
