XRP remained under pressure as traders closely monitored resistance levels near the top of its recent trading range.
Summary
XRP hovered around $1.40, with a strong supply zone between $1.57 and $1.59 limiting any recovery attempts.
Whale outflows on Binance dropped to their lowest point since February, signaling reduced activity from large holders.
Analysts continued to watch for breakout retest patterns, while exchange reserve data highlighted unusual behavior compared to other assets.
XRP was trading near $1.40, as market data pointed to a significant supply barrier between $1.57 and $1.59. This range has consistently slowed any upward movement following February’s decline.
At the time of writing, XRP was priced at roughly $1.42, with a 24-hour trading volume of about $2.46 billion. The token recorded a modest daily gain of 0.42%, though it was still down nearly 6% over the past week. Its market capitalization stood close to $87 billion, based on a circulating supply of around 61 billion XRP.
Price action has remained weak, with XRP unable to reclaim key resistance levels. The heavy supply zone between $1.57 and $1.59 continues to block bullish momentum, suggesting the asset may remain range-bound unless a breakout occurs.
Analyst highlights breakout retest scenario
Crypto analyst Javon Marks noted that XRP is showing signs of strength on lower time frames, pointing to what he described as a potential macro breakout retest. According to him, holding current levels could pave the way for further upside if buyers maintain control.
Marks also reiterated his long-term projection of $15 or higher for XRP. While this target remains significantly above current levels, it has fueled ongoing discussions about whether XRP is building a base after its recent correction. For now, the market appears to be stabilizing just below a major resistance zone.
Exchange data reveals unusual trends
CryptoQuant analyst APTRekt highlighted that XRP has been behaving differently compared to many other cryptocurrencies. Typically, prices rise as exchange reserves fall due to accumulation. However, XRP has often seen its Binance reserves increase alongside price gains.
The analyst also observed that both inflows and outflows tend to spike before major price movements, with inflows generally exceeding outflows. This suggests that selling pressure may still be present even ahead of rallies, indicating a different market dynamic for XRP.
Meanwhile, another CryptoQuant analyst, Arab Chain, reported that Binance whale outflows for XRP over a 30-day period dropped to approximately 1.285 billion XRP — the lowest level since early February. This indicates reduced withdrawal activity from large holders.
Lower outflows suggest that more XRP is staying on exchanges rather than being moved into long-term storage. This could reflect a cautious approach among major investors as they wait for clearer market direction. If this trend persists, traders are likely to keep a close eye on exchange flows for signals of either renewed demand or increasing selling pressure.
