XRP inflows into Binance rose sharply in the week ended Sept. 20, local time.

Blockchain media outlet The Crypto Basic reported that Binance’s average daily XRP inflows were 21,718,631 tokens, 663 percent above a quarterly baseline.

Inflows did not continue throughout the week. The weekly average was lifted by three trading days. XRP inflows were 91.2 million on Sept. 11, 44.5 million on Sept. 16 and 41.7 million on Sept. 17. No XRP inflows were recorded on Sept. 12, 15, 18 and 19. No price, open interest, funding or trading data were recorded on Sept. 20.

Over the past month, large-wallet inflows into Binance also increased rapidly. Whale inflows over the 30 days to Sept. 18 totalled about 1.6 billion XRP. That was the highest level since March 2026. Large-wallet transfers declined from May to July, rebounded in August and rose by more in September.

The inflow concentration coincided with the period immediately after regulatory and macro events. The U.S. Senate failed on Sept. 15 to advance the “Clarity bill” in a procedural vote of 49 to 50. The next day, the Federal Reserve raised its target range for the policy rate by 25 basis points to 3.75 to 4.00 percent.

XRP fell as low as $1.27 during the Federal Open Market Committee meeting period and recovered to close at $1.410 on Sept. 19. That is why the sharp inflow increases on Sept. 16 and 17 are drawing more attention. The data alone do not show whether it was preparation for large-scale selling. It is also suggested that investors may have moved XRP between exchanges while adjusting positions around the rate decision.

Fund flows did not rise only on the inflow side. On a monthly basis, XRP inflows increased 457 percent from the previous period and outflows rose 167 percent. As of the end of the week, Binance’s XRP reserves were 2,630,628,140 tokens, 0.22 percent above a quarterly baseline and 0.34 percent higher than the previous week. Average daily outflows were 11,565,238 tokens. The number of deposit addresses averaged 788 a day, up 129 percent from the quarterly baseline.

On-chain activity was relatively weak. XRP’s network value-to-transactions ratio fell 32.1 percent and the number of transactions declined 16.4 percent. That means the price recovery and rising exchange liquidity did not lead to greater network use.

In derivatives markets, open interest was 477.1 million, up 9.4 percent from the quarterly level. The estimated leverage ratio rose 9.1 percent from the quarter to 0.181. The funding rate was 0.004, double the previous week’s level, raising the cost of maintaining buyer-dominant positions. Liquidations occurred on both sides. Short liquidations averaged 2.34 million XRP a day, up 199 percent from the previous week, while long liquidations averaged 2.93 million XRP a day.

The core of the weekly data is not simply that large amounts of XRP flowed into Binance, but that inflows were concentrated on certain dates right after specific events and outflows also increased. The market is therefore also watching whether the moves reflect fund reallocation between exchanges and adjustments in derivatives positions, rather than a simple selling signal.