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Ripple [$XRP] has caught strong bidding from derivatives traders, CryptoQuant data showed. The aggressive taker buying volume, relative to the aggressive selling, was at the highest level in 2026.
The taker buy-sell ratio tracks the aggressive (or taker) buying to selling volume in perpetual swap markets. A rising metric denotes increased taker buying activity, which tends to push prices higher.
This influx of demand has contributed to the modest price bounce of 5.35% in the past 24 hours. Dominant buying has even pushed the 7-day moving average of the ratio back above 1.
Yet, at the same time, the Coin Days Destroyed metric saw a sizeable spike, the biggest since April. The CDD tracks the volume-weighted age of coins spent in a day. Higher values of CDD imply a high volume of previously-dormant coins were moved, likely for selling.
It can also capture a wave of capitulation in the market. In this context, a spike in CDD alongside a price bounce suggested holders used the $XRP price bounce above $1.10 to take profits.
$XRP net wallet flows turn negative, hinting at accumulation
Against the backdrop of a short-term price hike and potential selling pressure from a wave of tokens being moved onchain came evidence of accumulation.
Crypto analyst Amr Taha pointed out that the 7-day net depositing/withdrawing wallet count fell to -6,210 on June 30. This negative number indicated a shift from an $XRP net depositing environment to a net withdrawal environment.
Wallet activity flip towards withdrawals does not necessarily confirm smart money accumulation. AMBCrypto used the percent of supply held by the top 1% to understand if large holders were accumulating in significant numbers.
The data showed that the top holders had been distributing their holdings throughout June, as the percent supply in their control fell from 87.98% to 87.87%. For context, since January, the metric has risen from 87.57% to nearly 88% at its zenith in 2026.
The 1 billion $XRP unlock recently reported on raised the question of whether the market can absorb the supply. So far, despite the selling pressure, the $1 psychological support level has not been ceded to the bears.
The onchain data slightly favored the accumulation angle, but market-wide sentiment and Bitcoin price action will also have an impact on $XRP trends.
Final Thoughts
- The $XRP price spike recently came alongside a rise in aggressive buying, but also a spike in CDD that warned of sell pressure.
- The shift from net depositing to net withdrawals from Binance, for the first time since July 2025, was an encouraging sight for investors.
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