Recent exchange flow data shows a notable shift in XRP market dynamics. Persistent deposit pressure on Bybit, often seen as potential selling pressure, has cooled. In a rotation, withdrawal transactions have now overtaken deposits on major exchanges Binance and Coinbase. Meanwhile, technical analysis points to XRP’s tightest price range in over a year, suggesting potential volatility ahead.
Analysis from CryptoQuant reveals a significant change in XRP’s exchange-flow pattern. The sustained deposit activity on Bybit, which lasted from mid-April through mid-May, has moved back close to neutral.
This shift indicates that earlier selling pressure may have eased. The transaction delta metric tracks the count of deposits versus withdrawals rather than total token volume.
Now, Binance and Coinbase are showing the opposite trend from Bybit’s previous pattern. Withdrawal transactions have overtaken deposits on both of these major platforms.
This marks a clear rotation in exchange flows across the market. The broader deposit activity seen over the past month is no longer present.
On the technical side, XRP’s Bollinger Bands on the 3-day chart have tightened to their narrowest level in over a year. Crypto analyst Ali Martinez noted this often precedes a major price move.
XRP has traded between $1.29 and $1.50 for months. Martinez said a close above $1.50 could push XRP toward $1.80, while a drop below $1.29 may end up triggering deeper downside pressure.
Institutional investment products for XRP also showed strength recently. They garnered inflows of over $67 million last week, defying broader market sell pressure in other assets.
