Key Volume Signals Are Driving XRP Momentum Amid Market Uncertainty

XRP is trading through another rough stretch alongside the wider crypto market, but the story beneath the price chart is not as quiet as the red candles show. 

The entire crypto market has been down by over 5% in the past seven days, and the XRP price has also struggled to hold momentum, but the latest volume updates show that traders, large holders, ETF investors, and XRP Ledger users are still active.

The first major volume update is tied to XRP’s largest holders. Data shared by crypto analyst Ali Martinez shows that large wallet holders accumulated 71 million XRP over seven days, even as the token remained under pressure. XRP was down nearly 5% over the week and traded around $1.36 at the time the analyst shared the data, showing that the buying came during a weak and volatile stretch for the asset.

This is important because whale accumulation changes the tone of the selloff. It shows that the market crash is not only producing fear-based selling, but it is also creating a trend where larger wallets are increasing exposure while weaker hands are selling. The price has not yet reflected that buying in a major way, but the behavior is still worth watching.

XRP Ledger payment activity has also strengthened notably during the latest stretch of the market downturn. The number of payments from one account to another climbed from below the 1 million count earlier in the week to 1.22 million payments by May 22.

Number Of XRP Payments. Source: XRPScan

The rise was not limited to transaction count alone. XRP payment volume also increased from levels near 200 million XRP around May 16 and May 17 to more than 400 million XRP by May 18.

The figure stayed elevated through the following days and was still above the 400 million XRP region by May 22. That means more payments were being processed, and a larger amount of XRP was also moving between accounts.

XRP Payments Volume. Source: XRPScan

Another important volume signal is coming from the ETF market. Data from SoSoValue shows that XRP-linked ETF products recorded more than $65 million in weekly inflows last week. This week’s flow also came up to a positive $22.04 million with net inflows everyday, even as the broader crypto market was under pressure.

The inflows into Spot XRP ETFs have significance because ETF inflows are a different kind of demand from regular exchange trading. Spot and futures volume can be based on short-term trades and leverage trading, but ETF inflows are investors taking exposure through more structured investment vehicles.

The timing also matters. XRP ETF flows are coming in while the price is under pressure, meaning ETF buyers are not waiting for a price breakout. This creates a quiet support layer in the background, even if it has not been strong enough to overpower the wider market downtrend yet.

Featured image from Pixabay, chart from TradingView