XRP trading activity and market sentiment have weakened significantly, with key metrics reaching multi-year lows. On-exchange accumulation and distribution levels are at their weakest since 2021, resulting in a net outflow of approximately 36 million tokens. Open interest has declined from recent highs, and the funding rate has turned negative, indicating subdued leveraged trader demand. The token currently trades near $1.33 in a quieter market with reduced liquidity.
Recent data showed that XRP‘s 30-day accumulation and distribution levels on Binance have fallen to their weakest since 2021. Accumulation was around 2.06 billion XRP, while distribution was slightly higher at about 2.09 billion XRP, leaving net accumulation at approximately -36 million tokens. This indicates selling is still outweighing buying activity.
A previous rally left a large chunk of supply concentrated between the $1.9 and $2.2 price range, creating a strong overhead resistance. Many holders are struggling, so any recovery rally could face selling at breakeven levels. There is also a greater decline in overall market participation.
Aggregated Open Interest was around $914.8 million at press time, down from recent highs near $960 million. At the same time, the average Funding Rate fell to -0.0028, slightly below neutral. Negative funding means long demand is weak enough that short positions are gaining an edge.
XRP‘s price was trading near $1.3350 at press time, down 0.57% for the session. Volume came in at roughly 29.64 million XRP as well. The RSI below neutral indicated that buyers still lacked control over the market momentum.
The MACD line was below zero at around -0.0208, with the signal line near -0.0236. The histogram turned slightly positive at 0.0028, but only marginally. While a trend reversal may be doubtful, stabilization appeared to be more likely for the asset.
