XRP's market depth on Binance has thinned to levels unseen since early 2020. CryptoQuant analyst Arab Chain reported that the 30-day liquidity index for XRP fell to roughly 0.043, marking the weakest reading since January 2020. The token traded near $1.36, below both the 9-day moving average ($1.3663) and the 21-day moving average ($1.4051). Thin liquidity increases the potential for sharp price swings on large orders.
Liquidity Falls to a Six-Year Low
Arab Chain noted that the same index peaked above 3 and 4 points between 2022 and 2024, when XRP saw stronger trading activity and higher volatility. The current 0.043 reading reflects reduced new liquidity inflows and a more cautious market structure. While low liquidity alone does not give a direct bullish or bearish signal, the narrower order book makes XRP more sensitive to large trades—sudden buying or selling could move price faster even if daily volume remains modest.
Whales Withdraw $49.2 Million Near $1.35
CryptoQuant analyst Amr Taha reported that XRP whales withdrew $49.2 million from Binance on May 22 when the token traded below $1.35. Negative whale netflow indicates large holders moved more XRP out of the exchange than they sent in. The withdrawal occurred during price weakness, not after a strong rally, suggesting some whales are reducing available exchange supply rather than preparing to sell. Taha cited similar signals earlier this year: $60.7 million on Feb. 27, $35.5 million on March 6, and $37 million on March 26—all near the $1.35–$1.40 range. This zone has become the most frequent area for Binance whale withdrawals recently. Still, withdrawals do not guarantee an immediate rebound; price still needs stronger demand and a clear technical breakout.
Technical Setup: Below Key Moving Averages
XRP traded at $1.36 on May 25, 2026, up 0.23% over 24 hours, with 24-hour volume at about $1.35 billion. The token ranked fifth by market cap at roughly $84.23 billion. The short-term chart remains weak: the 9-day MA is below the 21-day MA, and the MACD sits below the zero line (MACD -0.0150, signal -0.0066, histogram -0.0084), showing weak bearish momentum. Immediate support is near $1.3435 (daily low), while resistance stands at $1.3663, followed by the $1.4051–$1.4060 zone. Current volume of about 29.06 million XRP remains low compared to earlier selloff spikes, indicating the recent bounce lacks strong participation.
Key Resistance at $1.40 and $1.50
Related coverage noted that Binance and Coinbase have shifted toward withdrawal-led transactions, easing exchange selling pressure. A large XRP options trader collected $224,500 in premiums by selling 1.5 million $1.40 call and put contracts each on Deribit, betting XRP stays near $1.40 through June 26. Data shows XRP spent roughly 60% of 2026 within the $1.30–$1.50 range. Analyst Crypto Patel warned against aggressive upside targets without sufficient liquidity or catalysts, calling $10 a long-run target and the best accumulation zone between $1 and $0.70. CRYPTOWZRD said XRP continues to hold a range; a move above $1.40 could open upside, while rejection near that level could lead back toward $1.32.