XRP price is stabilizing above its 50-day moving average as whale deposits to Binance fall to their lowest level since 2021, easing sell pressure.
Summary
- XRP is holding above its 50-day moving average near $2.05 despite weaker spot and derivatives volume.
- Whale inflows to Binance have dropped to their lowest levels since 2021, reducing near-term sell pressure.
- Price remains range-bound between $2.00 support and $2.30 resistance as volatility tightens.
XRP was trading at $2.06 at press time, down 1.9% over the past 24 hours. The token has moved within a $2.03–$2.18 range over the last seven days, reflecting tight consolidation after recent volatility.
Despite the daily pullback, XRP (XRP) is still up around 7% over the past month. That said, price remains about 43% below its July all-time high of $3.65, showing that the recovery remains incomplete.
Market activity has cooled notably. XRP’s 24-hour spot trading volume fell 33% to roughly $2.92 billion, pointing to reduced short-term participation. Derivatives data shows a similar slowdown. According to CoinGlass data, futures volume dropped 31% to $4.54 billion, while open interest slipped 2.11% to $3.92 billion.
When both volume and open interest decline together, it usually suggests traders are closing positions rather than adding new leverage. This type of reset often accompanies consolidation phases, where price stabilizes before choosing a clearer direction.
Whale inflows fade as supply pressure eases
The cooling in activity comes alongside a sharp drop in whale inflows to Binance. In a Jan. 16 analysis, CryptoQuant contributor Arab Chain noted that XRP whale transfer flows to Binance have fallen to their lowest levels since 2021.
Before slightly rising to 56.1 million XRP, the Whale Transfer Flow (30-day moving average) recently fell to 48 million XRP. Both numbers are still at multi-year lows. This measure, which is often used to assess possible selling intent, keeps track of significant transfers from major wallets to exchanges.
Historically, rising whale inflows tend to precede increased sell pressure, as large holders move tokens to exchanges to liquidate. In contrast, sustained declines suggest whales are choosing to hold rather than distribute. What makes the current reading notable is that it occurred while the XRP price remained relatively stable around the $2.10–$2.15 area.
Conditions like these were last seen in 2021, right before major upward moves, when exchange supply tightened and demand slowly picked up. The recent drop in inflows is easing near-term selling pressure and reducing the amount of XRP available on exchanges.
Alongside on-chain trends, several supply-related and utility-driven factors are still drawing attention. Up to 5 billion XRP may be locked up by networks like Flare by mid-2026, while exchange-traded fund products continue to absorb millions of tokens from circulation.
XRP price technical analysis
From a technical perspective, XRP is holding above its 50-day moving average, which sits in the $2.05–$2.10 zone. Multiple daily closes above this threshold indicate that buyers are actively defending pullbacks and maintaining short-term structure.
After a recent recovery from the $1.95–$2.00 demand zone, 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 broke down, has emerged as a significant obstacle.
The Bollinger Bands are now tightening following the recent spike in volatility, indicating that the market is contracting and possibly preparing for its next move.
Momentum indicators have a neutral but positive tilt. The daily relative strength index has not returned to bearish territory, instead remaining in the 50–55 range. There is less chance of an immediate downward continuation because the recent pullback was not accompanied by a lower low on RSI.
Volume profile also supports the current setup. In line with the significant decline in whale inflows to exchanges, sell-side volume on down candles has been lower than during the previous breakdown phase.
A decisive break above $2.30 would open room toward the $2.40 area, while a daily close below $2.00 would weaken the current base and shift focus back to the $1.95 zone.
