- Santiment reported 22.8M XRP flowed onto exchanges before 25.24M XRP exited, signaling a reversal in market behavior.
- XRP recovered about 5% from its local bottom, climbing back above the $1.34 to $1.35 range after heavy selling.
- Analysts identify $1.34 as key support, while momentum indicators remain weak and resistance sits near $1.35 to $1.36.
XRP traders faced a sharp market reversal after a major exchange inflow coincided with the token’s lowest price level in 15 weeks. According to Santiment, the largest XRP exchange inflow of 2026 occurred, when 22.80 million XRP moved onto exchanges, followed by 25.24 million XRP leaving exchanges shortly afterward. The movement came as XRP recovered from a late-May selloff and returned above key support levels.
Exchange Activity Follows Sharp Price Rebound
According to Santiment, the large inflow arrived near XRP’s local price bottom, when the asset traded at its weakest level in 15 weeks. The analytics firm said many retail traders sold during that decline, while XRP later gained roughly 5% from that capitulation day.
The price action reflected that shift in sentiment. On May 28, XRP dropped from around $1.33 to nearly $1.28 during a strong selloff. However, buyers returned and pushed the token back above the $1.34 to $1.35 range.
As the recovery developed, exchange balances changed direction. More XRP left exchanges than entered them after the initial inflow, according to Santiment’s on-chain data.
Analyst Notes Rising Channel Support
While traders monitored exchange movements, analyst Ali pointed to a key technical level. According to Ali, the lower boundary of a rising channel near $1.34 remains an important area to watch.
Ali said a successful hold at that level could open the door for moves toward $1.37 and $1.40. However, the market has yet to establish a sustained breakout above nearby resistance.
Recent trading briefly tested the $1.36 area before sellers emerged. As a result, XRP remains trapped between support near $1.32 and resistance around $1.35 to $1.36.
Indicators Show Momentum Cooling
Technical indicators currently show weaker short-term momentum. The Relative Strength Index is at 43.81, below its signal average of 53.28.
Meanwhile, the MACD line remains below the signal line, while the histogram has turned negative. Those readings suggest upward momentum has slowed.
For now, traders continue watching the $1.32 support zone. Holding above that level could preserve the recovery structure, while a break lower could expose XRP to $1.30 and potentially $1.28.
