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XRP Holds Key Support as Binance Selling Wave Fails to Trigger a Breakdown
$XRP faced massive selling on Binance, yet the price held above the April resistance zone. This shifted attention to the state of liquidity and whether nearby support will be able to withstand renewed pressure from sellers.
Key Takeaways
- $XRP withstood aggressive selling on Binance while remaining above its previous support zone.
- Low order volume may increase volatility, as fewer resting orders are available to absorb larger trades.
- Traders are watching whether price stability returns as liquidity and buyer activity normalise.
$XRP Selling Pressure on Binance Reaches a Two-Month High
At 17:38 on 26 May, $XRP was trading at $1.33156 after a broader pullback continued to pressure price action in late May. The cryptocurrency token remained under pressure after repeated failures near the $1.40 mark, with sellers keeping $XRP close to the lower boundary of its recent trading structure. Nevertheless, the latest candles showed some stabilisation around $1.33, as the price attempted to hold nearby support.
4-hour $XRP chart on 26 May by Bitstamp.
Analysis published on 26 May by Cryptoquant, an on-chain data and market analytics company, showed that $XRP absorbed a sharp seller-pressure event on Binance on 23 May, while price action remained above its previous April low. Binance’s cumulative taker net volume fell to around minus $83 million when $XRP was trading near $1.31. This was below the figure from 2 April 2026, which stood at around minus $58 million at a price of roughly $1.28.
Binance’s cumulative taker net volume tracks the ratio of aggressive selling to aggressive buying on the exchange. The 23 May figures indicated stronger seller activity than during the 2 April stress event, yet $XRP held above that earlier price zone. The price later recovered to $1.35, turning the move into a key absorption test for traders monitoring Binance flows, futures positioning and short-term liquidity. Highlighting the market’s stronger resilience despite heavier selling pressure, the analysis noted:
“On 23 May, $XRP faced one of the sharpest seller-pressure events on Binance in almost two months, but the market did not follow it with a deeper collapse.”
The signal was centred on Binance, where futures market activity often defines short-term sentiment around $XRP. The deeper negative taker volume figure showed that sellers were applying stronger pressure than in early April. $XRP’s higher low added another signal. Buyers met the selling wave before it pushed the price below the previous stress zone. This drew attention to whether the $1.31 to $1.35 area could remain a liquidity base.
Binance cumulative taker net volume for $XRP. Source: Cryptoquant.
The analysis also noted:
“Now that $XRP is trading around $1.35, the 23 May move looks less like a confirmed breakdown and more like a short-term test of seller pressure that the market partially absorbed.”
$XRP Liquidity Levels Signal Reduced Order Volume on Binance
A separate liquidity analysis published by Cryptoquant focused on how a decline in Binance order book depth could amplify volatility if large trades enter the market. The 30-day $XRP liquidity index on Binance recently fell to around 0.043 near the $1.34 price level, marking its lowest reading since January 2020. Previously, this indicator traded above 3 and 4 points during stronger market conditions between 2022 and 2024, before falling sharply in recent months.
From a short-term chart perspective, $XRP’s structure showed a steady downward move from recent highs near $1.50. Several rebounds in May lost momentum below resistance zones, leading to lower highs and persistent seller pressure. The latest move pushed $XRP towards the lower Bollinger Band, while the price remained below key moving averages. Trading volume increased during several sharp declines and then decreased as $XRP consolidated near current levels, indicating a slowdown in bearish momentum, but not a full reversal.
Reduced liquidity conditions may amplify the impact of sudden buying or selling activity, as there are fewer resting orders capable of absorbing price swings. The analysis described the current situation as an atmosphere of caution and waiting, with traders watching whether liquidity conditions improve alongside price stability, adding:
“Although low liquidity is not in itself a direct bullish or bearish signal, it reflects a state of caution and waiting in the market, especially given the decline in activity compared with previous periods of stronger inflows and higher liquidity.”
Current market conditions leave $XRP between resilient price support and unusually low liquidity on Binance. Aggressive selling pressure was absorbed during the 23 May move, but lower market depth may still amplify volatility if large orders return to the market. Traders are now watching whether $XRP can continue holding in the $1.31 to $1.35 range as buyer activity and liquidity conditions stabilise.
See also: "Deutsche Bank Platform Wants to Launch a Swedish Krona-Backed Stablecoin"
