Whale-Sized XRP Outflows Dominate Binance Amid Weakening Retail Participation
- Whale Dominance: Despite weakening retail participation levels, whale-sized XRP outflows continue to dominate Binance trading activity, with the Whale vs Retail Spread dropping to 88.8%, indicating a significant shift in market structure.
- Structural Change: CryptoQuant analyst Amr Taha highlighted that the current spread is well below the historical high of 94%, suggesting that market behavior differs markedly from earlier bullish phases, with insufficient support from retail traders.
- Price Stability: XRP price remains stable around $1.30 despite declining retail involvement, indicating that large holders are consistently active while smaller traders contribute less aggressively, suggesting no major downside pressure in the market.
- Cooling Market Signal: Taha believes that the whale-dominated outflow structure may indicate XRP has moved away from overheated market conditions; while retail participation has weakened, whale outflows still dominate, reflecting changing dynamics in participation.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0164 | 0.0363 | 0.0502 | 0.0701 | 0.084 | 0.104 | 0.118 |
| Fibonacci | 0.0363 | 0.0492 | 0.0572 | 0.0701 | 0.083 | 0.091 | 0.104 |
About MAJOR
About the author
