XRP holds above $1.33 as 22.8M token inflow fails to break support

XRP is showing early bottoming signals as on-chain data reveals accumulation absorbing the largest exchange inflow of the year.

XRP traded in a tight $1.33-$1.35 range after absorbing a 22.8 million token exchange inflow, the largest of the year, without breaking down.

"Exchange Inflows jumped by 22.8 million XRP on May 28, marking the largest transfer onto exchanges this year," Santiment data showed. Rather than triggering a selloff, the price stabilized near a 15-week low, indicating buyers absorbed the incoming supply.

Between May 29 and May 30, roughly 25.24 million XRP moved back off exchanges, exceeding the prior inflow and pointing to renewed accumulation. The Exchange Supply Ratio held near 0.03, reflecting investors moving tokens into self-custody and reducing coins available for immediate selling.

The NVT Ratio moderated toward 396 after earlier extremes, suggesting network usage increasingly supports valuation. With the RSI recovering to 54.5 and the Awesome Oscillator near -0.06, bearish pressure is gradually easing. Resistance near $1.40 remains the key hurdle for any sustained recovery.

Accumulation Signals Strengthen Beneath the Surface

The exchange flow reversal already suggested stronger hands were absorbing supply from weaker participants. Beyond those withdrawals, broader on-chain metrics show the shift is becoming more visible. Exchange supply continues trending lower, with the Exchange Supply Ratio holding near 0.03 — a decline that reflects investors moving XRP into self-custody.

The valuation picture also appears healthier. The Network Value to Transactions Ratio, which compares market value against transaction activity, has moderated toward 396 after earlier extremes. This suggests network usage increasingly supports valuation.

Meanwhile, XRP's momentum remains neutral, with the Awesome Oscillator near -0.06. Yet declining supply and improving network efficiency are gradually reducing bearish pressure. As selling liquidity tightens, buyers may need less capital to influence price direction, strengthening conditions for a durable market bottom.

Tight Range Reflects a Market in Transition

XRP's improving on-chain structure is now beginning to influence market behavior. After weeks of heavy distribution, the price has settled into a tight $1.33-$1.35 range, showing that selling pressure is gradually losing momentum.

That stabilization is occurring because buyers continue absorbing supply near the $1.30 support zone. Each retest has attracted demand, preventing a deeper breakdown despite broader market uncertainty. Resistance near $1.40 continues limiting upside progress, reflecting a market still searching for conviction after months of volatility.

The RSI has recovered to 54.5, showing momentum is no longer firmly bearish. This behavior implies participants are transitioning from aggressive selling toward accumulation. If support continues holding, compressed volatility could eventually fuel a stronger directional move as sidelined capital re-engages.

This article is for informational purposes only and does not constitute investment advice.