On-chain data reveal important signals that have historically preceded notable price movements in $XRP. However, this time the situation is somewhat different, as some signals are conflicting and both bullish and bearish indicators are pointing to contradictory metrics.
According to data from CryptoQuant, the share of XRP withdrawal transactions on Binance increased to 53% over the past seven days. At the same time, the share of deposit transactions declined to 47%.
XRP continued trading under pressure this week as weakening momentum indicators and declining speculative activity limited recovery attempts. The token held near $1.36 after repeatedly failing to reclaim key resistance zones. As a result, market sentiment remained cautious despite short-term stabilization around important support levels.
Exchange activity surrounding XRP has begun showing a clear divergence across major trading platforms as traders monitor weakening price momentum within the $1.34–$1.37 range.
Cryptocurrency analytics platform CryptoQuant has reported renewed activity in the futures market for XRP. According to data provided by the company, open interest in XRP futures on Binance increased to approximately $488.3 million, reaching one of its highest levels in the past two months.
XRP is trading at $1.3710 on 21 May, sitting below all four EMAs, while the Supertrend indicator has turned bearish for the first time since April. Meanwhile, traders on Polymarket assign only a 6% chance of XRP reclaiming $1.50 by Saturday, while Crypto Michael describes the current move as a deliberate “shakeout” before a breakout begins.
On Wednesday, cryptocurrency exchange-traded fund (ETF) markets remained under pressure, with Bitcoin funds extending their losing streak to four consecutive sessions, while Ethereum ETFs recorded outflows for an eighth straight day.
$XRP traded within a narrow range on Wednesday as traders assessed mixed technical signals against improving long-term sentiment surrounding $XRP and Ripple. Although the token remained above key intraday support levels, derivatives activity and spot market flows continued to reflect investor indecision. Meanwhile, Ripple gained fresh institutional recognition after securing a prominent position in CNBC’s latest Disruptor 50 ranking.
$XRP continued trading under pressure this week after losing momentum near the important $1.50 resistance zone. The asset dropped toward the $1.38 area, reflecting growing caution across the broader crypto market. Although long-term sentiment has not yet fully turned bearish, short-term indicators are now favoring sellers after several failed recovery attempts.
According to current data, total assets under management (AUM) have risen to $1.28 billion, while the amount of $XRP locked in ETFs now represents approximately 0.88% of the total circulating supply. Meanwhile, the price of $XRP fell by 1.22% over the past 24 hours and is currently trading at $1.42.
Italy’s largest bank, Intesa Sanpaolo, significantly increased its cryptocurrency-related holdings during the first quarter of 2026. According to the released data, the bank expanded its crypto-related assets from approximately $100 million in the fourth quarter of 2025 to around $235 million as of March 31.
Analytics platform CryptoQuant reported that large XRP investors have recently been actively withdrawing their assets from Binance. According to the data, approximately 403 million XRP have been withdrawn from Binance since May 3. It was noted that most of these transactions involved 1 million XRP or more, indicating that the data primarily reflects the behavior of large players and institutional investors.
$XRP is trading at $1.4691 on 15 May, giving back part of the CLARITY Act rally after touching $1.5000 intraday, as the bill passes the Senate Banking Committee with a 15–9 vote and moves to the Senate floor, while two Democratic senators warned that their continued support is not guaranteed.
XRP surged after buyers broke through resistance and strengthened bullish momentum. The rally was accompanied by rising trading volume, stronger momentum indicators, and growing optimism surrounding the advancement of the CLARITY Act, which has been publicly supported by Ripple.
According to Santiment, the number of wallets on the $XRP Ledger holding at least 10,000 $XRP has reached a record high of 332,230. This milestone marks the continuation of a steady accumulation trend that began in June 2024, despite the fact that $XRP is still trading roughly 60% below its all-time high.
$XRP is trading at $1.4602 on May 13, sitting directly beneath the $1.49 resistance zone that has held since February, while Korean traders have pushed XRP above Bitcoin by trading volume on Upbit for the first time in months. Meanwhile, the symmetrical triangle on the daily chart is approaching resolution.
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