XRP has been experiencing a prolonged period of consolidation below $1.40, with some on-chain indicators suggesting that the token may be poised for a breakout. According to CryptoQuant data, Binance transaction flow is shifting in favor of XRP withdrawals, which rose to 53% over the past seven days while deposits fell to 46%. This setup is reminiscent of June 2025, when XRP rallied by 65% to reach an all-time high of $3.65.
The data also shows that XRP's 30-day liquidity index on Binance has dropped to its lowest level since 2021, indicating reduced trading activity. This slowdown in volume is reflected in the token's price, which has been stuck near $1.38 for three weeks. In contrast, futures markets suggest a mild long bias, with funding rates turning slightly positive at 0.06%.
From a technical standpoint, a daily close above $1.40 would open up the path towards $1.60-$1.67. However, traders are watching key levels closely, with $1.37 serving as support and a drop below $1.32-$1.30 invalidating the current breakout.