Important indicators of the XRP currency hit new lows since 2021… Will the selling pressure decrease?

Ripple’s XRP currency recorded significant metrics not seen since 2021, a sign that may reflect declining selling pressure from major investors and a gradual improvement in its price position.

Although the coin still faces strong resistance near the $1.45 level, network data shows that whale traffic on the Binance platform has dropped to its lowest level in more than three years.

Moving large amounts of currency to trading platforms is usually seen as a willingness to sell, but a sharp drop in these flows may mean that large investors are less willing to exit during the current period.

Analysis shows that cumulative whale inflows have decreased from approximately 2.6 billion XRP in March to only approximately 736 million, indicating that selling pressure has dropped significantly from previous months.

Observers believe that the continuation of this trend could help XRP establish a more stable price base, especially if it coincides with improving demand and a return to market momentum.

On the institutional side, spot XRP funds in the United States have seen a significant recovery, going from record outflows in March to attracting tens of millions of dollars during April and May.

Ripple also continues to expand its global reach with new partnerships, including working with the OKX platform to support its stablecoin RLUSD, in addition to signing agreements with South Korea and the Middle East to enhance the use of blockchain technology and financial transfers.

Overall, these developments suggest that XRP may enter a more stable phase if selling pressure continues to subside as institutional interest increases.

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