Binance Inflows Dry Up, XRP Selling Pressure Hits Record Low

XRP's selling pressure has reached a record low as Binance exchange inflows have dropped significantly. This suggests that investors are choosing to hold rather than sell, with XRP continuing to trade above the crucial $1 mark after falling more than 72% from its peak.

CryptoQuant analyst Darkfost notes that XRP inflows to Binance have reached their lowest level on record, averaging just 3.6 million XRP per month. This sharp decline compared to previous market cycles indicates that sellers are running out.

The data comes as XRP continues to recover from its long correction, with the token trading at around 70% below its all-time high while trying to build support above the psychological $1 mark.