XRP Inflows to Binance Hit 2026 Low as Selling Pressure Eases

• XRP inflows to Binance fell to 215 million in May, the lowest deposit level of 2026.
• Declining exchange inflows suggest holders are keeping XRP in private wallets, reducing sell supply.
• NVT ratio dropped 24%, indicating strong network activity relative to XRP’s current market valuation.

A notable change is emerging in XRP’s on-chain activity. Binance, the token’s largest trading venue, recorded its lowest monthly XRP inflows of 2026 in May. Only around 215 million XRP flowed into the exchange during the month, significantly below the levels seen earlier this year.

Because exchange deposits are often associated with investors preparing to sell, the decline hints that fewer holders are moving XRP onto trading platforms. Instead, many appear to be keeping their tokens in private wallets, reducing the amount of XRP readily available for sale.

A Possible Sign That Sellers Are Running Out

The trend has been developing for several months. XRP exchange inflows have steadily declined since the start of the second quarter, while the token’s price has remained relatively stable around the $1.30 range.

Lower exchange activity does not automatically mean prices will rise, but it can signal that immediate selling pressure is easing. When fewer coins are sent to exchanges, the available short-term supply often becomes tighter.

This has led some analysts to argue that XRP may be entering a calmer phase after months of volatility.

On-Chain Metrics Point To Improving Conditions

Several other indicators are also showing bullish signs. One closely watched metric, the Network Value to Transactions (NVT) ratio, recently dropped by nearly 24% to 151.53. A lower NVT ratio generally suggests network activity remains strong relative to the asset’s market value, which some analysts view as a sign that XRP is not excessively overvalued.

At the same time, the Exchange Supply Ratio has continued trending lower throughout May. This metric tracks how much XRP remains available on exchanges and has historically been used to gauge potential selling pressure.

The combination of declining exchange balances and improving network activity has strengthened the view that downside risks may be fading.

Has XRP Found Its Bottom?

XRP may be nearing the end of its bottoming process. While momentum indicators still show a lack of strong bullish conviction, they also suggest that sellers are no longer in full control of the market. XRP has spent several weeks consolidating around the same price zone, creating an important support area.

With exchange inflows at yearly lows, selling pressure easing, and on-chain metrics improving, some market observers believe XRP could be building the foundation for its next major move.

Whether that move arrives in the near term remains uncertain, but the latest data shows the market structure looks very different from the heavy selling conditions seen earlier in the year.

Related: XRP Nears Critical Test as On-Chain Data Hints at Bottom