XRP Remains Under Pressure
An analysis of market data highlights the source of the problem. Upward moves are currently driven largely by the derivatives market. Short-term rallies are being fueled by leverage rather than strong spot demand.
This makes the upside unstable. Profits are taken quickly, while major liquidity zones remain below current levels. As a result, the price repeatedly returns lower to test those areas.
Additional pressure is coming from the macroeconomic backdrop. Geopolitical tensions, rising oil prices, and renewed inflation risks are making investors more cautious. At the same time, the probability is increasing that the US Federal Reserve will keep rates higher for longer or even raise them further. This reinforces a risk-off mood, especially for altcoins, including XRP.
On-Chain Data Shows Mixed Signals
On-chain metrics are sending contradictory signals. On the one hand, XRP reserves on exchanges have started to rise. For example, reserves on Binance increased to around 2.78 billion XRP after a prolonged decline. This points to higher potential supply in the market.
However, this does not automatically mean immediate selling. Tokens are often moved to exchanges to react more flexibly to market moves or to prepare for major events.
On the other hand, the behavior of large investors points to the opposite trend. The Whale Flow indicator, which tracks the activity of major holders, has turned positive on a 30-day average for the first time since November 2025.
This may suggest that large market participants are gradually starting to accumulate positions again. If that trend continues, major buyers could absorb the additional supply, which would explain why the price remains relatively stable despite rising exchange reserves.
Outlook: Key Factors for XRP
At the moment, XRP is being shaped by several forces at once. Rising exchange reserves are increasing potential supply, while whale activity points to possible accumulation.
As a result, the balance remains fragile and highly dependent on external drivers. Macroeconomic conditions continue to play the decisive role, including interest rates, inflation, and geopolitical risks.
In the coming days, the market’s reaction to new economic data and central bank signals will be critical. Positive developments could revive demand across the crypto market and support XRP. Otherwise, the current sideways pattern is likely to continue.
