XRP 25.24M tokens leave exchanges after record inflow
On-chain data cited by Santiment shows XRP exchange balances fell again after a major inflow. From May 29 to 30, 25.24 million XRP moved off exchanges, following a Thursday inflow of 22.80 million XRP—the largest exchange inflow of the year.
Santiment notes the timing: the big exchange inflow occurred near XRP’s local price bottom, suggesting late sellers or capitulation behavior. The subsequent 25.24 million XRP outflow can be read as “sell pressure getting absorbed” or traders quickly repositioning away from exchanges.
Additional sentiment indicators mentioned: the average active XRP trader (last 30 days) is down ~47%, and XRP’s 30-day MVRV reportedly hit its lowest level since December 2020. Commentary sentiment also turned more negative, but similar setups have previously preceded rebounds in XRP.
At the time of writing, XRP was down 0.33% in the last 24 hours to $1.33. A cited analyst watches the rising channel bottom around $1.34, with potential upside targets near $1.37 and $1.40 if a reversal plays out.
For traders, the key takeaway is that XRP’s exchange flows show a quick “inflow then outflow” pattern around local lows, which often increases volatility and can precede either a continuation sell-off or a rebound depending on follow-through.
Neutral
The article’s main signal is a fast rotation in XRP exchange balances: a record inflow (22.80M XRP) was quickly followed by a larger outflow (25.24M XRP). Historically, “inflow at local lows” coupled with subsequent “outflow” often marks a transition phase—capitulation sellers deposit to exchanges, then liquidity is absorbed and some coins move back off-exchange.
That can be bullish if the outflow reflects accumulation (coins are removed from trading venues) and if bearish sentiment (down traders, low MVRV) stops deteriorating—this is consistent with the article’s claim that similar signals have preceded rebounds.
However, it can also be bearish in the short term because the outflow immediately after the inflow may still reflect traders de-risking, or re-distributing liquidity that keeps pressure on spot prices. With XRP only slightly down at the time of writing and momentum still unclear, the net effect is best treated as neutral: a volatility catalyst rather than a confirmed trend reversal.
Short-term, expect choppier price action around key support zones (article cites ~$1.34). Long-term direction will depend on whether exchange outflows persist while MVRV and trader sentiment stabilize and turn up.