XRP ETFs Draw $131.94M in May as Binance Liquidity Falls

XRP spot exchange-traded funds received $131.94 million in May, the largest monthly inflow for those products so far in 2026, according to SoSoValue. Early June added another $4.13 million. Since the funds launched, they posted one negative month, a $31.16 million outflow in March. By comparison, Bitcoin spot ETFs recorded $2.43 billion in outflows in May and Ethereum spot ETFs saw $540.88 million in outflows over the same period.

Data from CryptoQuant showed Binance’s XRP liquidity at its lowest level since January 2020 in late May. An analyst, ArabxChain, wrote that the low liquidity “could make the market more sensitive to sudden price movements.” Thin liquidity means fewer buy and sell orders on the exchange order book, so large orders can move price more when there are fewer resting orders to absorb trades.

On-chain data from Glassnode show the hodler net position change for XRP rose to about 264.67 million XRP on June 2 from roughly 216.56 million on May 31, an increase of about 22 percent. Trading metrics recorded rising selling volume from May 30 onward.

Price action in 2026 has included a roughly 53 percent decline earlier in the year, followed by trading inside a rising parallel channel since early February. In the recent sell-off, XRP fell to $1.18 before rebounding to about $1.21; the channel floor held through the rebound.

Technical levels cited by market participants include near-term support at $1.20 and resistance at $1.28 and $1.35. A move above $1.35 aligns with the 0.618 Fibonacci retracement and would equal an approximate 12.5 percent recovery from the current level. A break below $1.18 would expose lower support near $1.11 and then around $0.95.

The reported facts for early June are: continued ETF inflows, reduced liquidity on Binance, an increase in long-term holder balances, and higher selling volume since May 30.