Recent XRP news shows that 24 million XRP flowed out of exchanges, pointing to continued accumulation, though the broader technical outlook remains mixed.
The latest on-chain data has sparked speculation that XRP could be preparing for a significant rally. Over the past week, investors and long-term holders have shown a strong interest in the asset, which now signaling that an upside move may be on the horizon.
Data from the analytics platform, CryptoQuant, shows that the XRP Exchange Reserve on Binance has declined by 24 million tokens over the past week. This indicates a potential accumulation by investors and long-term holders amid a market dip.
Additionally, as the XRP price has now started to recover, it raises questions about whether the current level is an ideal buying opportunity or not.
According to CoinMarketCap data, XRP has surged more than 5.80% over the past week. Whereas, it climbed 1.20% in the last 24 hours and was trading at $1.14 at press time.
Despite the price jump, market participants appear to be hesitant, as XRP’s trading volume tumbled 23% to $1.25 billion during the same period. The decline in volume despite signs of price strength suggests that investors and traders might not be fully convinced by the asset's current trend.
Meanwhile, traders, on the other hand, follow the market trend by betting price will go upward. As per the Coinglass data, XRP’s OI weighted funding rate turns positive and rises to 0.0031%, indicating that bullish sentiment is strengthening.
Whereas, $1.123 on the lower side and $1.157 on the upper side are the major liquidation levels, and here, traders are overleveraged. At these levels, traders have built $22.80 million worth of long positions and $13.34 million worth of short positions.
This suggests that bullish sentiment is not limited to investors and long-term holders, as traders also appear to be positioning for further upside in XRP.
According to TradingView's daily chart, XRP remains in a strong downtrend, with a bearish bias on both short and long-term. The chart shows that the asset has recently broken down a key support of $1.25, which had served as a strong floor for the XRP price since February 2026.
In addition to the recent breakdown, XRP continues to trade below the 200-day Exponential Moving Average (EMA), which further supports the asset’s bearish outlook. As long as the XRP price remains below this long-term indicator, the broader structure continues to favor the sellers.
Meanwhile, the Average Directional Index (ADX), which measures the trend strength, climbs to 36, indicating that the current bearish trend is getting stronger.
Despite the strong bearish trend, XRP has traded sideways over the past week, moving within a tight consolidation range between the lower support level of $1.08 and the upper resistance level of $1.17.
Based on the current price action, if the XRP price breaks out of this zone and closes a daily candle above the $1.17 level, it could extend its upward move and may reach the $1.25 level in the coming days.
However, if the sentiment shifts and price falls below the $1.08 level, it could resume its bearish trend and may see a price dip of 15% and fall to the $0.92 level, the next support.
Besides these developments, analytics platform Santiment recently shared a post on X noting that XRP’s weighted sentiment has fallen to its lowest level since October 2025. This suggests that investors and traders have become increasingly bearish toward the asset.
According to the report, the sharp decline in weighted sentiment may be attributed to the lack of a major catalyst, despite years of anticipation surrounding Ripple’s legal clarity and institutional adoption narrative.
The Santiment further noted,
“Some of XRP's strongest rebounds have occurred when the crowd became the most disinterested. The combination of declining discussion volume and overwhelmingly negative commentary suggests that many traders have already moved on or lowered expectations significantly.”
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