- CryptoQuant data shows XRP daily transactions fell 20% to about 1.78 million.
- Binance funding turned slightly negative, while liquidations dropped 99%.
- Analyst Ali Charts said XRP’s 3-day Bollinger Bands are at their tightest squeeze in over a year.
XRP is trading in one of its quietest market phases this year, with on-chain usage, derivatives activity, and technical volatility all compressing at the same time. CryptoQuant analyst Crypto Onchain described the setup as a “volatility vacuum,” as XRP consolidates near the $1.40 to $1.43 area while market participation fades.
The slowdown comes as Ali Charts points to a tight Bollinger Band squeeze on XRP’s 3-day chart. Meanwhile, a report said that Goldman Sachs removed XRP-linked ETF exposure from its latest 13F filing, adding another institutional data point to a market already waiting for direction.
XRP Activity Drops as Leverage Clears
CryptoQuant data shows XRP’s total transaction count fell 20% compared with three months ago, reaching about 1.78 million daily transactions. That decline signals weaker network activity at a time when price action remains compressed.
Source: CryptoQuant
Derivative data also shows limited appetite. Binance funding slipped into negative territory near -0.003, meaning short traders are paying to maintain positions. However, the bearish lean is not backed by heavy leverage.
Estimated leverage on Binance remains around 0.169 to 0.173, well below the six-month peak of 0.260. Liquidations have also collapsed by 99%, falling to only a few thousand dollars per day. That shows the market is not heavily positioned in either direction.
Related: XRP Price Surges Above $1.54 as On-Chain Activity Hits Highest Level
This matters for traders since low leverage reduces the chance of an immediate liquidation cascade. It also means XRP may need a fresh catalyst before volatility returns with force.
Bollinger Bands Point to Breakout Zone
Analyst Ali Charts said XRP is ready for a major price move, citing the tightest Bollinger Band squeeze on the 3-day chart in over a year. The chart shows XRP trading near $1.384, with the bands narrowing around the price after months of sideways movement.
Ali marked the current zone as a no-trade area, with confirmation needed before taking a directional view. According to the analyst, a 3-day candle close above $1.50 would signal upside expansion toward $1.80.
Related: XRP Ledger Upgrade Deadline Nears With 40% Network Updated
Source: X
On the downside, a close below $1.29 would weaken the immediate bullish structure and open the door for a deeper correction toward the $1 psychological level. These levels now define the short-term technical map.
The 3-day chart shows price sitting between compressed upper and lower bands, with little momentum from either side. That matches the CryptoQuant reading, where both on-chain and derivatives markets show exhaustion rather than aggressive positioning.
Goldman Filing Adds Institutional Context
Meanwhile, Goldman Sachs cut its reported exposure to XRP and Solana exchange-traded products in the first quarter. The bank’s latest 13F filing showed no XRP-linked ETF holdings after it had reported nearly $154 million in XRP-related products at the end of 2025.
The same filing showed Goldman also removed Solana-linked positions while keeping larger Bitcoin exposure. According to the report, Goldman held about $690 million in BlackRock’s iShares Bitcoin Trust and around $25 million in Fidelity’s Wise Origin Bitcoin Fund after trimming both by about 10%.
Ethereum exposure also fell, with Goldman’s iShares Ethereum Trust stake reportedly down about 70% to roughly $114 million. The filing does not show current holdings and only captures certain long U.S. securities at quarter-end, but it still shows a shift away from early altcoin ETF exposure during Q1.
Notably, Goldman added about 654,630 shares of Hyperliquid Strategies Inc., valued at nearly $3.3 million. That gave the bank indirect exposure to the Hyperliquid ecosystem through a public-market vehicle rather than a direct altcoin ETF.
For XRP, the three signals now line up around the same theme. Network activity has cooled, leverage has cleared, and technical volatility has compressed. A move above $1.50 or below $1.29 may decide whether this quiet phase ends with a rebound toward $1.80 or a deeper reset toward $1.
Related: Bitcoin Retail Participation Just Hit an All-Time Low
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