Intelligence Assessment
The gap between whale and retail activity for XRP on Binance fell to 35.1% on July 16, nearly matching the 35.6% level recorded in early May, according to CryptoQuant analyst Amr Taha.
Across all centralised exchanges, the whale-retail spread now sits 3.3 percentage points above Binance, showing that the difference in activity between large and smaller traders is narrower on Binance than across the wider exchange market.
The metric tracks the gap in trading activity between whales and retail users. It does not show whether either group is buying or selling.
XRP Whale-Retail Gap Shrinks On Binance$XRP‘s Binance whale versus retail spread fell to 35.1% on July 16, nearly matching the 35.6% recorded in early May, CryptoQuant analyst Amr Taha said.
The All CEX whale retail spread now exceeds Binance by 3.3 percentage points,… pic.twitter.com/FHRDEOflBg
— BSCN (@BSCNews) July 17, 2026
Why It Matters
A shrinking gap means whale and retail participation on Binance is becoming more balanced. That could reduce the dominance of large traders on the exchange, but it should not be treated as a bullish or bearish indicator by itself.
The difference between Binance and the broader exchange market is the more important detail. Whale activity remains more pronounced elsewhere, suggesting XRP trading behaviour is not uniform across exchanges.
Intelligence Assessment
The 35.1% reading points to a change in who is active on Binance, not where XRP’s price is heading.
Without exchange flow or buy-and-sell data, there is no basis to conclude that whales are accumulating or distributing XRP. The next thing to watch is whether the gap continues to narrow alongside rising retail activity, or whether whale participation returns during larger price moves.
