Key Takeaways
- XRP currently trades near $1.36, positioned beneath its 50-day, 100-day, and 200-day moving averages
- Cumulative spot XRP ETF inflows have reached $1.39 billion, with $12.57 million added this week
- Binance XRP reserves declined from 2.78 billion to 2.74 billion tokens, suggesting accumulation behavior
- On May 20, the XRP Ledger registered 4,300 new wallets within 24 hours — marking 2026’s fourth-largest single-day increase
- The token trades 62% below its July 2025 peak of $3.66, facing critical resistance between $1.40 and $1.55
XRP currently hovers around $1.36 following an unsuccessful attempt to breach the $1.39 level on Thursday. While the digital asset maintains its position slightly above the crucial $1.35 support zone, the overall technical picture remains challenging.
The current price action shows XRP trading beneath three critical moving averages. The 50-day exponential moving average rests at $1.41, while the 100-day EMA stands at $1.48, and the 200-day EMA hovers at $1.70. Technical analysts suggest this positioning above the spot price creates significant headwinds for any substantial upward movement.
The daily Relative Strength Index (RSI) currently registers approximately 42, indicating downward momentum without reaching oversold conditions. Meanwhile, the MACD histogram remains in negative territory, confirming short-term bearish dominance.
Should XRP slip beneath the $1.35 threshold, technical support emerges around $1.30, where bargain hunters might step in.
Institutional Investment Continues Despite Price Weakness
While price performance remains subdued, institutional capital continues entering XRP investment vehicles. Through Thursday, spot XRP exchange-traded funds recorded $12.57 million in aggregate inflows for the week, extending the positive flow streak to three consecutive weeks.
Total cumulative inflows have climbed to $1.39 billion, with assets under management currently sitting at $1.15 billion. Thursday’s trading session alone brought $8.8 million in net inflows, representing the 12th straight day of positive ETF activity.
US-based spot XRP ETFs currently control approximately 1.34% of the token’s circulating supply. May’s monthly inflows account for roughly $107.3 million of the total figure.
Simultaneously, Binance XRP holdings decreased from their May peak of 2.78 billion tokens to 2.74 billion. Declining exchange balances typically signal bullish sentiment, as traders transfer assets to cold storage rather than positioning for sales.
Blockchain Metrics Signal Growing User Engagement
On-chain analytics revealed significant XRP Ledger activity on May 20. The network registered 4,300 newly created wallets during a single 24-hour window — representing 2026’s fourth-largest daily expansion, per Santiment data. Active daily addresses simultaneously surged from 32,000 to 43,520.
Market analyst Amonyx highlighted this development, questioning whether it signals a trend reversal. Santiment emphasized that “network growth is among the top leading signals to identify reversals.” Fellow analyst Niroshan682 suggested that wallet creation spikes frequently indicate emerging network participation, particularly when coinciding with institutional investment flows.
However, substantial overhead resistance continues limiting upside potential. Based on Glassnode cost-basis analysis, investors currently hold approximately 3.75 billion XRP at average acquisition prices between $1.37 and $1.45. This concentration zone could trigger profit-taking as prices approach break-even levels.
An additional resistance cluster exists between $1.68 and $1.70, where roughly 3.8 billion XRP changed hands. The token remains 62% below its July 2025 all-time high of $3.66.
For bullish momentum to gain traction, XRP must decisively break above the $1.40–$1.55 range, confirming an exit from the current consolidation phase. Thursday’s $8.8 million ETF inflow represents the latest encouraging data point amid an otherwise sideways trading week.
