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Key XRP Metrics Signal Bullish Shift After Weeks of Heavy Sell-Offs

XRP exchange-flow activity is beginning to show a different pattern after several weeks of steady deposit pressure centered on Bybit, according to new analysis from CryptoQuant.

Data from the XRP Multi-Exchange Daily Depositing/Withdrawing Transactions Delta shows that Bybit’s transaction delta moved back close to neutral around May 16 and ended a stretch of strong positive readings that had continued from mid-April through mid-May.

XRP Exchange Behavior Flips

Persistent deposit-side activity is often viewed as a sign of possible selling pressure because assets transferred onto exchanges are generally more accessible for trading or liquidation. This indicates that the pressure has now eased, at least based on transaction count data.

While Bybit’s earlier deposit imbalance appears to have faded, Binance and Coinbase are now showing the opposite trend, as withdrawal transactions overtook deposits on both exchanges. This is a major change from the earlier exchange-flow structure dominated by Bybit deposits.

The setup for XRP has therefore changed, as the market is no longer displaying the same broader exchange-deposit activity seen over the past month. Instead, exchange behavior now points to a rotation in flows, as Bybit cools off while Binance and Coinbase experience stronger withdrawal-side activity.

CryptoQuant stated that the metric tracks transaction delta rather than the total amount of XRP being transferred, meaning it does not reveal the exact volume of tokens entering or leaving exchanges. Even so, the directional change remains important because it highlights a clear shift in transaction behavior across several major trading platforms.

Tightening Price Range and Strong Inflows

Alongside the changing exchange activity, technical indicators are starting to point toward a possible increase in XRP volatility.

Recently, crypto analyst Ali Martinez found that XRP’s Bollinger Bands on the 3-day chart have tightened to their narrowest level in over a year, in what appears to be a potential major price move ahead. The crypto asset has traded between $1.29 and $1.50 for months. Martinez said a close above $1.50 could push XRP toward $1.80, while a drop below $1.29 may end up triggering deeper downside pressure.

On the institutional side of things, XRP appears to have defied market panic. As a raportat de CryptoPotato, even as both investment products dedicated to Bitcoin and Ethereum faced significant sell pressure, XRP managed to rake in inflows of over $67 million last week.

Postul Key XRP Metrics Signal Bullish Shift After Weeks of Heavy Sell-Offs a apărut prima dată pe CryptoPotato.


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