XRP Experiences High Taker Buying Ratio Amid Mixed On-Chain Signals
Recent data from CryptoQuant has highlighted a significant uptick in aggressive bidding for Ripple's XRP, reaching a peak in the taker buy-sell ratio for 2026. This ratio measures the volume of aggressive buying against selling in perpetual swap markets, indicating a surge in demand that typically results in price increases.
In the past 24 hours, XRP has experienced a modest price increase of 5.35%, partly due to this heightened buying activity. The 7-day moving average of the taker buy-sell ratio has risen above 1, reinforcing the trend of dominant buying.
On-Chain Metrics Present Mixed Signals
Concurrently, the Coin Days Destroyed (CDD) metric experienced a notable surge — the highest observed since April. CDD measures the age of coins spent in a given period, and an increase indicates that a substantial amount of previously inactive coins were moved, likely for selling purposes. This spike, coupled with the price rise above $1.10, suggests that some holders may have opted to lock in profits.
Negative Wallet Flows Indicate a Shift in Behavior
Despite the recent price evolution, further analysis by crypto analyst Amr Taha revealed concerning signs regarding wallet flows. As of June 30, the 7-day net deposit-to-withdrawal tally fell to -6,210, signaling a transition from a net depositing environment to one focused on withdrawals.
- This shift from depositing to withdrawing does not automatically indicate smart money accumulation.
- The top 1% of holders have slightly distributed their assets throughout June, with their percentage control decreasing from 87.98% to 87.87%.
Interestingly, since January, this figure had increased from 87.57% to nearly 88% at its peak earlier in 2026.
Market Conditions and Future Implications
Additionally, newly unlocked tokens amounting to 1 billion XRP have brought forth concerns regarding market absorption capacity. Despite significant selling pressure, the critical psychological support level at $1 remains intact, suggesting resilience against bear activity.
While on-chain signals do lend some merit to the accumulation narrative for XRP, the overall market sentiment and the movements of Bitcoin will unquestionably influence future trends for XRP.
Conclusion
While XRP has recently benefitted from a surge in aggressive buying, the concurrent increase in the CDD metric signals potential sell pressure. The observed change in net wallet flows towards withdrawals presents a cautiously optimistic view for investors, marking a significant shift after an extended period.
