XRP holds near $1.26 despite $83 M Binance sell pressure

XRP’s price stayed above the $1.26‑$1.28 support zone on May 26, even though Binance allegedly dumped $83 million of the token, according to a claim from market observers. The sell‑off did not push the market lower because spot ETF inflows into Ripple‑linked funds had recently surged, delivering $18.35 million on May 21‑22 and $1.55 million on May 26 [2].

The same report highlighted that fear sentiment hit a three‑week high, a level that often signals contrarian buying as sellers become exhausted. At the same time, the 30‑day liquidity index on Binance showed a thinning of sell‑side liquidity, suggesting fewer large holders were willing to unload XRP at current prices [2]. Together, these factors created a cushion that absorbed the reported Binance pressure without breaking the key support.

Technical charts show XRP trading in a range that has persisted since late February, bounded by $1.31 on the upside and $1.54 on the downside. A strong long‑liquidation cluster sits just below $1.26, meaning a decisive close below that band could trigger further downside pressure [2]. However, the on‑balance‑volume (OBV) indicator remains far from the April low, and the relative strength index (RSI) still reflects bearish momentum, implying that any rebound would need a clear catalyst.

If XRP manages to clear the $1.26‑$1.28 floor, the next target lies near the range’s upper edge at $1.54, where buying interest could resume. Conversely, a sustained break below the support zone would erode confidence in a near‑term rebound and could invite additional liquidations from the long‑position cluster. The market now watches whether institutional inflows and the thinning of sell‑side liquidity can sustain the price, or if the Binance sell pressure will finally tip the balance.