A massive shift in exchange flows accompanied XRP's recovery from its lowest level in 15 weeks. Santiment reported the largest XRP exchange inflow of 2026 — 22.80 million XRP moved onto trading platforms on May 28. That was quickly followed by 25.24 million XRP leaving exchanges, signaling a sudden change in market sentiment.
Inflow-to-Outflow Reversal Lifts XRP 5%
The heavy inflow arrived near XRP's local price bottom, according to Santiment. Many retail traders sold during the decline, but XRP later gained roughly 5% from that capitulation day, climbing back above the $1.34-$1.35 range. On May 28, XRP dropped from around $1.33 to nearly $1.28 during a strong selloff before buyers returned.
$1.34 Support Holds as Key Level; Resistance Near $1.35-$1.36
Analyst Ali highlighted the lower boundary of a rising channel near $1.34 as an important area to watch. A successful hold could open the door toward $1.37 and $1.40. However, the market has yet to establish a sustained breakout. XRP briefly tested $1.36 before sellers emerged, leaving the token trapped between support near $1.32 and resistance around $1.35-$1.36.
Momentum Indicators Weaken; RSI at 43.81
Short-term momentum has faded. The Relative Strength Index stands at 43.81, below its signal average of 53.28. The MACD line remains below the signal line, and the histogram has turned negative. Traders now watch the $1.32 support zone: holding above it could preserve the recovery structure, while a break lower could expose XRP to $1.30 and potentially $1.28.