Overview
- Late July on‑chain data showed whale transfers to and from Binance dropped sharply, with average monthly Binance inflows falling to about 3.6 million XRP, a record low that signals reduced active selling.
- Exchange withdrawal transaction counts reached multi‑year highs while deposit activity hit lows, and exchange‑held XRP fell to roughly a seven‑year low, consistent with coins moving to self‑custody or accumulation.
- Network use has risen strongly, with the XRPL adding about 489,739 accounts in H1 2026 and expanded RLUSD mint/burn activity, while cumulative U.S. spot ETF inflows reached roughly $1.5 billion with daily net flows near $6 million.
- Price has consolidated in a tight range just above $1 (around $1.04–$1.08) with technical analysts citing $1.12 as the key level to reclaim for a confirmed recovery, and derivatives metrics show falling open interest and a lower estimated‑leverage ratio consistent with market deleveraging.
- The quieter flow profile reduces near‑term forced volatility but also limits upside momentum, so traders say a sustained breakout will likely require renewed sizable whale or institutional spot buying rather than the current retail‑sized transfers.