In May, the amount of XRP transferred to the Binance exchange dropped to 215 million units. This figure was recorded as the lowest monthly inflow recorded since the beginning of 2026. According to the data, the market value of XRPs moved in May alone was approximately 292 million dollars.
Sharp Decline in Entries to the Stock Exchange
In crypto markets, the volume of coins deposited into exchanges is considered an important data set that shows investor trend. Generally, investors sending more coins to a cryptocurrency exchange indicates an increased desire to sell or trade in the short term. On the contrary, the significant decrease in inflows suggests that investors are strengthening their tendency to hold on to their assets rather than sell them.
The ongoing downward trend since April reveals that the short-term pressure on the sell side has decreased in XRP since the beginning of the second quarter of the year. Particularly in recent months, the horizontal course of price movements and the decrease in volatility have increased the tendency of many investors to keep their assets outside the central exchange. Thus, instead of short-term buy-sell transactions, the desire to hold for the long term came to the fore.
Although low volume entry into the stock exchanges does not necessarily create bullish expectations, it can help reduce the instant selling pressure in the market. Because when fewer coins are moved to trading platforms, the possibility of short-term sales decreases.
Mini dictionary: Binance is the world’s largest cryptocurrency exchange by trading volume. In cryptocurrency transfers, the term “exchange inflows” refers to users transferring their assets to an exchange and is monitored for short-term sales or transaction potential.
Technical Analysts Watch Critical Levels
Along with on-chain data, XRP price movement is also closely monitored on the technical analysis side. Crypto analyst Ali Charts, in his evaluation on the social media platform X, pointed out that XRP is moving within the rising channel on the hourly chart. According to the analyst, the $ 1.34 level constitutes the lower band of the channel and this level stands out as an area to be followed for buying in the short term.
It was noted that the $1.34 level, which is viewed as the lower limit of the ascending channel in XRP, constitutes a strong support. As long as this zone is maintained, upper band targets are $1.37 and $1.40.
According to experts, maintaining channel support shows that buyers continue to dominate the market. The formation of rising lows is often interpreted as a strong trend that will continue. If the $1.34 level is not broken downwards, a move to $1.37 as the first resistance point in XRP and then to $1.40, the channel upper band, can be observed. However, if the price falls below this support, the risk of deterioration in the technical structure may come to the fore.
| Level | Support/Resistance |
|---|---|
| $1.34 | Channel support |
| $1.37 | initial resistance |
| $1.40 | channel upper band |
As we enter June, both on-chain data and the price chart for XRP indicate that investors continue to act patiently and cautiously. While the amount of coins moved to the exchange remains at a record low level, the channel view is still preserved. Market participants are closely watching whether this picture will change in the coming weeks.
