XRP trading activity drops to 2021 lows – Bigger move ahead?

XRP is getting quieter, and the market is in wait. Can the token see green and outperform the greater market?

Binance XRP flows at multi-year lows

Both XRP’s 30-day accumulation and distribution levels are down to their weakest since 2021. In fact, recent data showed accumulation at about 2.06 billion XRP, while distribution was a little higher at about 2.09 billion XRP. That leaves net accumulation at around -36 million XRP. So, selling is still outweighing buying.

AMBCrypto previously reported that XRP’s earlier rally left a large chunk of supply concentrated between the $1.9 and $2.2 range. That created a strong overhead resistance. Many holders are still struggling though. So, any recovery rally could face selling at breakeven levels.

There’s a greater decline in participation too. Buyers aren’t aggressive, sellers aren’t active, and overall liquidity is now lower than it was.

As it stands, XRP is trading in a quieter market.

Leverage is slowing down

Adding to the silence, Aggregated Open Interest was around $914.8 million at press time; down from recent highs near $960 million on the chart.

At the same time, the average Funding Rate fell to -0.0028, slightly below neutral. Negative funding means long demand is weak enough that short positions are gaining an edge.

Right now, leveraged traders are still active. Alas, the belief isn’t quite there. Considering the aforementioned buying/selling drop, the market might be slow across Spot and Futures.

XRP holds near $1.33, traders unconvinced

XRP’s price was trading near $1.3350 at press time, down 0.57% for the session. Volume came in at roughly 29.64 million XRP too.

The RSI below neutral indicated that buyers still lacked control.

The MACD line was below zero at around -0.0208, with the signal line near -0.0236. The histogram turned slightly positive at 0.0028, but only marginally. While a trend reversal may be doubtful, stabilisation appeared to be more likely.

Final Summary

• XRP’s Binance accumulation and distribution fell to their weakest levels since 2021.
• Open interest and Funding Rates were also similarly weak.