Key Highlights
- Santiment reports XRP social sentiment reached a 3-week fear peak, historically a contrarian buy indicator.
- Whale wallets removed 122 million XRP tokens from Binance during one trading session — the largest single-day withdrawal since February.
- Spot XRP exchange-traded funds recorded 16 consecutive days of net positive capital inflows, accumulating $116.75 million.
- Market speculation surrounds a potential $11 billion Ripple acquisition of Circle, the USDC stablecoin issuer, though neither company has verified the rumor.
- The 30-day MVRV ratio for XRP has reached its lowest point since December 2020, a historical zone associated with price recoveries.
XRP currently trades near $1.34 following a rebound from its 24-hour floor of $1.33. Trading volume increased by 5% over the last day as both blockchain metrics and futures market indicators shifted toward bullish territory.
Blockchain analytics platform Santiment has identified that the ratio of bullish-to-bearish commentary surrounding XRP across social platforms has declined to 1.1:1 — territory the firm designates as the “FUD zone.” The analytics provider suggests that when retail market participants exhibit this level of pessimism, weak holders have typically already exited their positions, creating conditions that historically favor price recoveries.
Santiment further highlighted that XRP’s 30-day Market Value to Realized Value (MVRV) metric — which measures average profitability for recent market entrants — has declined to levels not witnessed since December 2020. Current data shows the typical XRP holder who entered positions within the last month is sitting on a 47% unrealized loss. According to historical patterns, such extreme readings have emerged when retail market sentiment has capitulated, marking what the analytics firm characterizes as an “extreme undervalued zone.”
Large holder behavior supports this contrarian thesis. CryptoQuant analyst Amr Taha verified that 122 million XRP tokens exited Binance during a single trading period on May 22 — marking the most substantial daily withdrawal since early February. The net exchange position change registered at -30 million tokens that Sunday.
Investment Vehicle Inflows and Futures Markets Show Sustained Appetite
Spot XRP exchange-traded funds have maintained uninterrupted positive capital flows across 16 consecutive trading sessions, with aggregate inflows totaling $116.75 million throughout this period, based on SoSoValue tracking data. Futures market participants are similarly positioned with a bullish bias. Open interest across XRP futures contracts expanded by over 1% to reach $2.86 billion, with both CME and Binance platforms recording increases on 4-hour chart intervals.
Daily chart Bollinger Bands have contracted to their narrowest configuration since mid-2024. Previous instances of similar compression patterns preceded upward price movements ranging from 58% to 82%, according to technical analyst Crypto Patel’s historical assessment.
Potential Circle Purchase Amplifies Community Discussion
Additional momentum in community forums stems from unverified reports suggesting Ripple may pursue an acquisition of Circle, the company behind the USDC stablecoin, for approximately $11 billion. Speculation intensified after the XRP Ledger Foundation published a post on X stating: “Tomorrow’s going to be a great day.” Neither organization’s leadership has publicly addressed or substantiated these acquisition claims.
This marks the second occurrence of such acquisition speculation. Previously, Ripple CEO Brad Garlinghouse refuted a Bloomberg report alleging Ripple had submitted a $4–$5 billion offer for Circle. Circle representatives similarly stated the company was not considering sale options at that time.
From a technical perspective, XRP is positioned below its 50-day, 100-day, and 200-day moving average lines. The Relative Strength Index reads approximately 41. Technical analyst ChartNerd has pinpointed the present lower support boundary as a critical threshold, warning that a breach of this level could initiate a more extensive downward correction.
XRP futures open interest on CME increased 0.32% while Binance recorded a 1.13% climb during the 4-hour measurement window at press time.
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