On-Chain Data Flags Support as XRP Tests Risk of Falling Below $1
XRP is trading just above $1 and is testing what traders often treat as psychologically important support. While the market price remains under pressure, multiple on-chain signals suggest the token’s network positioning and capital flows may be improving. CryptoQuant data highlighted shrinking XRP held on major exchanges, seven straight days where withdrawals have outpaced deposits on Binance by transaction count, and continued positive whale accumulation. In parallel, spot XRP exchange-traded funds (ETFs) have gathered meaningful inflows since April, including $243 million in cumulative net purchases.