XRP Selling Pressure Hits Record Low
XRP selling pressure has reached an all-time low as Binance exchange inflows have dropped sharply. This suggests that investors are choosing to hold onto their XRP rather than sell, as the token continues to trade above the crucial $1 mark after falling more than 72% from its peak.
CryptoQuant analyst Darkfost highlighted that XRP inflows to Binance have reached their lowest level on record, with an average of just 3.6 million XRP per month. This is a significant drop compared to previous market cycles.
The data comes as XRP continues to recover from its long correction. Since reaching a cycle high of $3.66, the token has fallen more than 72%, briefly slipping below $1 before reclaiming the level. It is now trading at around 70% below its all-time high while trying to build support above the psychological $1 mark.
According to Darkfost, this drop in exchange inflows points to one thing: sellers are running out. Consolidation periods usually happen when buyers gradually absorb selling pressure, and with fewer XRP tokens reaching exchanges, the market may be entering that phase.