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XRP Falls to a Three-Month Low Despite Signs of Accumulation
XRP has fallen to its lowest level in more than three months as persistent selling pressure continues to outweigh signs of investor accumulation, creating a conflict between on-chain activity and market performance.
Although millions of XRP tokens have recently been withdrawn from exchanges and exchange inflows have dropped to their lowest levels of the year, the token remains under pressure, falling to $1.30 and raising questions about whether accumulation alone can offset bearish market sentiment.
At the time of writing, XRP was trading at $1.30 after declining 2.56% over the previous 24 hours. The digital asset's market capitalization stood at approximately $80.7 billion, while daily trading volume exceeded $1.64 billion.
Exchange Outflows Increase While Binance Inflows Slow Down
Recent blockchain data showed that more than 25 million XRP left exchanges following a large inflow earlier in the week. Such movements are often associated with investors transferring assets into private storage rather than preparing them for immediate sale.
Additional data from Arab Chain revealed a decline in XRP transfers to Binance throughout May. According to the data, only 215 million XRP entered the exchange during the month, equivalent to approximately $292 million at current market prices.
This represented the lowest monthly XRP inflow recorded in 2026. Daily activity remained subdued for most of the month. Binance received 407,000 XRP on May 3 and 328,000 XRP on May 4. Inflows later declined to 134,000 XRP on May 17 and reached only 18,000 XRP on May 31.
Most trading sessions recorded inflows below one million XRP, although a notable spike occurred on May 29 when approximately 80 million XRP were transferred to the exchange.
Technical Indicators Continue to Favor Sellers
Despite signs of declining exchange activity, XRP's technical indicators continue to point toward weakening momentum.
The Relative Strength Index (RSI) fell to 37.28 and is approaching the oversold threshold of 30, indicating that bearish momentum remains dominant despite signs of stabilization.
Source: TradingView.
The Moving Average Convergence Divergence (MACD) indicator also displayed a bearish structure. The MACD line stood at -0.0239 compared to the signal line at -0.0195, while the histogram remained negative at -0.0044.
These signals suggest that sellers continue to maintain control of the market, despite reduced exchange inflows and potential signs of accumulation by long-term investors.
See also: "Bitcoin Falls Below $71,000 as U.S.-Iran Talks Collapse"
