XRP withdrawals on Binance climbed to 53% in May, while deposits accounted for 47%. This balance was last observed on April 10, 2026, when XRP hovered near $1.34; currently it trades around $1.37. A higher withdrawal rate indicates investors are moving holdings to personal wallets or elsewhere. Reduced exchange supply can ease selling pressure, but price direction depends on broader market forces.
Withdrawal pattern mirrors April, analysts watch closely
On-chain data shows a similar pattern for two consecutive months, with withdrawals dominating. Analysts note the repetition in both price and transaction structure, prompting close scrutiny. Such movements often reflect investor custody preferences and offer clues on market sentiment. If large withdrawals persist, short-term sellable supply could shrink, though full price impact hinges on wider market dynamics.
XRP retreats from $1.44 resistance, key support tested
XRP fell about 2% in the past 24 hours, pulling back from $1.44 resistance to test the $1.30-$1.35 support zone. This band is viewed as critical for the next move. Some traders spot a "descending wedge" pattern, often a bullish signal. If buyers regain momentum, XRP could challenge $1.44 again or higher. On the downside, losing support opens targets at $1.28 and $1.11.
The Relative Strength Index (RSI) sits between 31 and 38, an oversold area raising the odds of a short-term bounce. Broader market direction remains unclear. Current price levels coincide with past periods of similar transaction activity on Binance, drawing market attention.
Ripple launches RLUSD stablecoin on EDX Markets
Ripple recently listed its USD-pegged stablecoin RLUSD on EDX Markets, a platform serving institutional investors. The move aims to boost institutional liquidity and encourage long-term adoption. Despite the corporate step, short-term XRP volatility persists. Experts believe institutional integration could eventually stabilize prices, but technical factors still dominate near-term action.
CryptoAppsy lists XRP at $1.37 at press time.