Binance Sees Shift in XRP Balance as Outflows Gain Momentum Amid Slowing Inflows
A subtle yet significant transformation is unfolding in the $XRP ecosystem, as reflected in the exchange data that traders closely monitor. Although the $XRP token remains stuck near the $1.35 mark, a notable shift is occurring in the transaction dynamics on Binance, the world's largest cryptocurrency exchange. The latest data reveals a decrease in coins flowing into the exchange, accompanied by an increase in coins flowing out, resulting in a more balanced flow environment.
This development suggests that the near-term selling pressure is alleviating, and the data from Binance supports this trend. The exchange's seven-day average transaction data shows that withdrawal transactions account for 53% of total transactions, while deposit transactions have decreased to 46%. This is the first time since June 2025 that the exchange's deposit-withdrawal ratio has returned to these levels, indicating a significant change in market dynamics.
The Binance flow data signals a clear change in the market, with the transaction balance shifting away from a deposit-heavy pattern. This means that fewer tokens are entering the exchange, while more tokens are leaving, resulting in reduced selling pressure. The latest split in transactions is reminiscent of the structure seen in June 2025, providing a historical reference point for the current trend.
Another key metric that supports this trend is the NVT ratio, which measures the network value relative to transaction activity. As of April 2026, the NVT ratio has cooled to 170.2, down from elevated levels in December 2025, indicating a more stable market base. This compression suggests that the market is becoming less speculative and more grounded in actual network usage.
Furthermore, around $1.22 billion is currently invested in spot $XRP ETFs, demonstrating that structured capital remains present in the market. On the price front, $XRP continues to trade below the key resistance zone of $1.39-$1.37, which is reinforced by the 50-day moving average and the 23.6% Fibonacci retracement level. The price remains capped by a descending resistance trendline, keeping broader pressure intact and resulting in a compressed market structure.
However, the lower end of the range remains supported, with a reliable floor between $1.30 and $1.27. This support zone has prevented deeper downside and kept the market within a tightening consolidation range. In summary, the data suggests that the $XRP market is experiencing easing exchange pressure, a cooler valuation profile, and a price structure characterized by compression rather than release. While the price remains trapped between a strong ceiling and a well-defended support base, the evidence points to a healthier internal setup for $XRP.