Binance deposits decline as asset tests $1.30 support
XRP inflows to Binance fell to 215 million tokens throughout May, marking the lowest level since the beginning of 2026, according to analysis by Arab Chain. The inflow volume carried an estimated value of approximately $292 million.
The decline reflects a broader trend. XRP inflows have been trending lower since the beginning of the second quarter, a directional shift rather than a single-session anomaly. Previous active periods of the trading cycle saw inflows running at multiples of May’s level, reflecting elevated trading activity and large holder repositioning during those windows.
XRP is currently testing critical support around $1.30 as selling pressure mounts. The asset failed a recovery attempt above $1.45 in mid-May. XRP now trades below all major moving averages, with the 50-day, 100-day, and 200-day moving averages remaining bearishly aligned. Volume has remained relatively muted during the decline.
Lower inflows to Binance carry dual implications for supply dynamics. Investors moving XRP to Binance are typically preparing to trade or sell, positioning tokens for potential sale on the exchange that processes the largest share of global XRP volume. Conversely, investors keeping XRP off Binance are typically holding. Fewer tokens arriving on the exchange means less supply positioned for immediate liquidation.
Arab Chain’s analysis notes that decreased inflows are not a direct bullish signal by themselves. Reduced exchange activity can reflect disengagement as easily as conviction. However, the low inflow environment may be supportive of the $1.30 level holding as fewer sellers position tokens on the largest XRP trading venue.
If support fails, XRP could face deeper retracement toward $1.15 to $1.20. April lows reached $1.24. On the upside, a moving average cluster sits between $1.35 and $1.40, presenting resistance for any recovery attempt.
