Overview
- XRP, which jumped above $1.40 on Monday on heavy trading to about $1.41–$1.42, dipped back below $1.40 on Tuesday and settled into a $1.38–$1.42 band.
- Binance’s 30-day liquidity index for XRP fell to 0.038, a five-year low that signals thin order books where even modest buy or sell orders can move price fast.
- On April 28–29 roughly $61 million in XRP left Binance at the monthly low near $1.35, and exchange deposit and whale-to-exchange readings since then dropped to 30-day lows.
- Bybit shows rising leverage with a $23.9 million open-interest jump on May 1 while its XRP reserves fell about 16% since mid-March, increasing the impact of moves on that venue.
- Traders flag a dense supply zone around $1.44–$1.45 based on Glassnode’s cost-basis map, and Standard Chartered says a Senate move on the CLARITY Act could draw $4–$8 billion into XRP ETFs to help clear it.