ripple(XRP) remained under pressure as traders eyed resistance near the upper end of its recent range.
summary
- XRP has been trading near $1.40 as a supply wall between $1.57 and $1.59 limits recovery attempts.
- Binance whale flows fell to their lowest level since February, indicating a slowdown in large-holding activity.
- Analysts tracked breakout retest signals, while exchange reserve trends continued to show unusual XRP behavior patterns.
The token was trading at around $1.40, while market data showed a supply wall between $1.57 and $1.59. This region has limited the pace of recovery after the losses witnessed in February.
XRP It was trading near $1.42 at reporting time, with 24-hour trading volume of about $2.46 billion. The token registered a small daily gain of 0.42%, but has remained down 5.95% over the past seven days. Its market capitalization was approximately $87.09 billion, based on a circulating supply of 61 billion XRP.
Price action remains weak as XRP struggles to move back above nearby resistance. Market data indicates ample supply between $1.57 and $1.59, and this area has capped recent upward attempts. As long as XRP remains below this range, traders may continue to observe further range-bound movement.
Cryptocurrency analyst Javon Marks He said XRP shows strength on lower time frames after “what appears to be a retest of a macro breakout.” He added that this retest could support continued movement if buyers continue to defend the current area.
Marks also reiterated his long-term target of $15 or more for XRP. This call is still well above the current market price, but his view added to the debate over whether XRP is forming a base after the recent pullback. At the moment, the chart still shows that the market is trying to stabilize below the main supply area.
Exchange reserve data show an unusual pattern
CryptoQuant APTRekt Analyzer He said XRP has shown a different pattern than many other crypto assets. In many markets, price gains often come as exchange reserves decline as investors move coins off exchanges. In the case of XRP, reserve balances on Binance often rise along with rising prices.
The analyst also said that exchange inflows and outflows tend to rise before strong price movements, with inflows typically being higher than outflows. This pattern indicates that selling activity remains active even before the rallies begin. It also shows that XRP’s price behavior may not follow the usual instant accumulation pattern seen in other assets.
In addition, another CryptoQuant analyst, Arab Chain, He said Binance whales’ 30-day inflows of XRP fell to around 1.285 billion XRP, the lowest level since early February. The reading indicates a slowdown in withdrawal activity from large holders.
Reduced whale outflows could mean more XRP remaining on exchanges rather than moving into long-term storage. This may reflect a cautious attitude among major investors as they wait for a clearer market direction. If this trend continues, traders may continue to closely monitor stock market activity for signs of renewed demand or increased selling pressures.
