The XRP price is stabilizing above the 50-day moving average as Binance whale deposits fall to their lowest level since 2021, easing selling pressure.
Summary
- XRP remains above its 50-day moving average near $2.05 despite weaker spot and derivatives volume.
- Whale inflows into Binance have fallen to the lowest level since 2021, easing short-term selling pressure.
- The price remains within a range of $2.00 support and $2.30 resistance as volatility increases.
XRP was trading at $2.06 at the time of writing, down 1.9% in the past 24 hours. The token has moved within a range of $2.03-$2.18 over the past seven days, reflecting tight consolidation after recent volatility.
Despite the daily pullback, XRP (XRP) is still up about 7% over the past month. That said, the price remains about 43% below July’s all-time high of $3.65, showing that the recovery remains incomplete.
Market activity has cooled down significantly. XRP’s 24-hour trading volume fell 33% to around $2.92 billion, indicating reduced participation in the near term. Data on derivatives shows a similar slowdown. According to CoinGlass factsFutures volume fell 31% to $4.54 billion, while open interest fell 2.11% to $3.92 billion.
When both volume and open interest fall together, it usually indicates that traders are closing their positions rather than adding new leverage. This type of reset is often accompanied by consolidation phases, during which the price stabilizes before a clearer direction is chosen.
The influx of whales decreases as supply pressure decreases
The cooling of activity is accompanied by a sharp decline in whale inflows to Binance. In a January 16 analysisCryptoQuant contributor Arab Chain noted that transfer flows from XRP whales to Binance have fallen to their lowest level since 2021.
Before the Whale Transfer Flow (30-day moving average) rose slightly to 56.1 million XRP, it recently fell to 48 million XRP. Both figures are still at multi-year lows. This metric, which is often used to assess potential selling intent, tracks significant transfers from large wallets to exchanges.
Historically, rising whale inflows often precede increased selling pressure, as large holders move tokens to exchanges for liquidation. In contrast, continued declines indicate that whales are choosing to retain rather than disperse. What makes the current value notable is that it occurred while the XRP price remained relatively stable around $2.10-$2.15.
Such conditions were last seen in 2021, just before major upward moves, when supply in the foreign exchange market tightened and demand slowly picked up. The recent drop in inflows eases short-term selling pressure and reduces the amount of XRP available on exchanges.
In addition to trends in the chain, several supply-related and utility-driven factors continue to attract attention. By mid-2026, up to 5 billion XRP could be blocked by networks like Flare, while exchange-traded fund products continue to absorb millions of tokens from circulation.
Technical analysis of XRP prices
From a technical perspective, XRP remains above its 50-day moving average, which is in the $2.05-$2.10 zone. Multiple daily closes above this threshold indicate that buyers are actively defending downsides and maintaining the short-term structure.
After a recent recovery from the demand zone of $1.95 to $2.00, the price has since formed a series of slightly higher lows. This pattern suggests that the previous decline has stabilized rather than continued.
XRP is still having trouble rising above the $2.25-$2.30 range. This range, which coincides with both the upper Bollinger Band and a level where the price previously fell, has proven to be a significant obstacle.
The Bollinger Bands are now tightening after the recent spike in volatility, indicating that the market is contracting and may be preparing for the next move.
Momentum indicators have a neutral but positive tilt. The daily relative strength index has not returned to bearish territory, but remains in the 50-55 range. There is less chance of an immediate downward continuation as the recent pullback was not accompanied by a lower low on the RSI.
Volume profile also supports the current configuration. In line with the significant decline in whale inflows to the exchanges, the sell-side volume of down candles has been lower than during the previous phase of the crisis.
A decisive break above $2.30 would open space towards the $2.40 area, while a daily close below $2.00 would weaken the current base and shift the focus back to the $1.95 zone.
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