XRP holds above $1.40 despite $35 million Binance sell‑off

XRP stayed just above the $1.40 support line even after sellers dumped roughly $35 million on Binance in the past week, buoyed by spot ETF inflows and large‑wallet buying that kept the token up 1.1% over the same period【2】.

Selling pressure meets buying depth

Binance’s order book saw $35 million more XRP sold than bought, a volume that would normally push the token lower. Instead, the price hovered just above $1.40, with spot XRP ETFs adding about $28 million in net inflows from May 4‑6, covering most of the exchange‑side outflow【2】. The remaining $7 million gap appears to be filled by “whale and institutional” spot purchases that do not appear in ETF flow data. CryptoQuant data shows Binance’s whale inflows fell to a four‑year low of 736 million XRP, down from 2.6 billion in early March, while the exchange’s total XRP reserves sit at roughly 2.7 billion—the lowest level in five years【2】. Moreover, 91.4% of Binance outflows originated from large wallets, the highest proportion since 2024, indicating that big holders are pulling XRP off the exchange rather than dumping it.

The price wall at $1.47

Even with strong buying, XRP has struggled to break the $1.47 barrier. About 60% of all XRP holders entered around an average price of $1.44, and when the market nears $1.47, those underwater positions tend to sell to break even, reinforcing the range. The bid stack—a collection of pending buy orders—remains passive below $1.47, meaning buyers are merely absorbing sell pressure. Once the price moves above $1.47, the stack would become aggressive, allowing buyers to lift orders higher and potentially trigger a breakout. Historical high‑volume zones lie at $1.80 and $2.10, levels that have previously acted as resistance and could support a roughly 26% rally if the $1.47 wall is cleared【2】.

What to watch

• $1.47 resistance – a break and hold above this level could flip the bid stack to aggressive buying.
• $1.80 and $2.10 zones – past high‑volume areas that may define the next upside swing.
• Binance whale inflows – a resurgence above the current low could signal renewed selling pressure.

The ability of spot ETFs and large‑wallet investors to absorb sizable sell orders suggests that XRP’s price stability hinges less on short‑term order‑book dynamics and more on whether the $1.47 wall can be breached. If the token clears that level, the next 26% move toward $1.80 becomes plausible; failure to do so may keep XRP trapped in its tight range.