XRP Settled ₱17.43 billion ($291 million) On-Chain With Low Exchange Inflows
XRP's on-chain utility is outpacing speculative trading pressure. While ₱17.43 billion ($291 million) settled on the XRP Ledger, just 1.36 million tokens entered Binance, revealing a 1.75 speculation-to-utility ratio far below the 10x-50x seen across most crypto markets.
Key Takeaway
XRP's on-chain activity is outpacing speculative trading by a 1.75 ratio — adoption may be leading price now.
XWIN Research Japan documented a structural shift in XRP market behavior: ₱17.43 billion ($291 million) settled on the XRP Ledger while just 1.36 million tokens entered Binance during the analyzed period.
The firm calculated a 1.75 speculation-to-utility ratio for XRP, a sharp contrast to the 10x-50x ratios seen across most crypto markets. Aggregate speculative volume on exchanges hit 510 million during the same window. XWIN said the price is being pulled by adoption rather than pushed by traders chasing momentum.
The research firm stated that at $1.41, the price has not yet caught up to what the on-chain data is describing. The adjustment, it argued, is still in its early stages. XRP traded at $1.45 shortly after the data snapshot was taken.
XRP faces resistance between $1.50 and $1.60 after falling from a mid-2025 peak above $3.50. The token dropped to $1.20 during an early 2026 selloff and broke below its 100-day moving average during the extended decline. The 200-day moving average, now sloping downward, remains a key macro resistance level.
XRP Ledger recorded 17,329 active addresses in the past 24 hours. XWIN Research Japan said the force behind this move is different from what has driven XRP rallies in the past, and support currently sits at $1.30 with price action consolidating after the sharp selloff that began in early 2026.
This article was written based on reporting from NewsBTC.
