XRP has slumped to its lowest level in over three months, touching a 15-week low near $1.30 despite a notable drop in exchange inflows that typically signals reduced selling pressure. The token was trading at $1.30 after a 2.56% decline over 24 hours, with bearish momentum persisting even as on-chain activity suggests accumulation.
Binance, the largest trading venue for XRP, recorded its weakest monthly XRP deposits of 2026 in May. Only around 215 million XRP flowed into the exchange during the month, dramatically lower than earlier in the year. Since exchange inflows often correlate with investor intentions to sell, the decline implies fewer holders are moving tokens onto platforms for liquidation. Instead, many appear to be retaining XRP in private wallets, effectively reducing the circulating supply readily available for sale.
Further on-chain metrics reinforce the accumulation narrative. The NVT ratio dropped 24%, pointing to robust network activity relative to XRP’s current market valuation. Additionally, over 25 million XRP left exchanges during this period, another sign of off-exchange holding. Yet, these signals have failed to translate into price support. Technical indicators remain firmly in sellers' hands: the Relative Strength Index (RSI) has fallen to 37.28, and the MACD remains bearish, indicating that downward momentum still outweighs any underlying accumulation.
The disconnect between accumulation patterns and persistent price weakness raises questions about whether reduced sell-side supply alone can counter the broader bearish sentiment surrounding XRP.
