SpaceX · Wall Street · CryptoSlate
XRP’s bullish signals are building, but price action has yet to follow
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Institutional accumulation and a surge in blockchain ledger activity fails to lift XRP out of its current slump.
Key facts
- In late March and mid-April, large XRP outflows were concentrated mainly on Coinbase, especially around March 27, March 30, and April 13, when XRP traded near $1.34
- The fresh demand lifted cumulative inflows into XRP funds to $1.39 billion, while total net assets stood at $1.18 billion
- CryptoQuant data show that roughly 403 million XRP have been withdrawn from Binance since May 3 via transfers of more than 1 million XRP
- CryptoSlate data show XRP has fallen more than 5% over the past 24 hours to $1.40, extending a pullback that contrasts with improving activity across several market indicators
Summary
Institutional appetite for XRP is accelerating across multiple fronts, yet the digital asset’s price continues to struggle amid broad market consolidation. CryptoSlate data show XRP has fallen more than 5% over the past 24 hours to $1.40, extending a pullback that contrasts with improving activity across several market indicators. The decline has left traders weighing whether the latest accumulation signals can overcome short-term selling pressure after XRP briefly pushed above $1.54 for the first time in two months. The disconnect is evident across three areas: ETF flows, exchange withdrawals, and XRP Ledger (XRPL) activity.