XRP's Trading Activity Hits 2021 Lows Amid Market Uncertainty

XRP's recent trading activity has been characterized by a significant decline in participation, with both accumulation and distribution falling to their weakest points since 2021. According to data from Cryptoquant, XRP's 30-day accumulation level is currently at approximately 2.06 billion XRP, while its distribution level stands at around 2.09 billion XRP. This leaves net accumulation at a negative -36 million XRP, indicating that selling continues to outweigh buying.

The market's lack of aggression from both buyers and sellers has led to decreased overall liquidity, with Aggregated Open Interest currently standing at $914.8 million – down from recent highs near $960 million. Furthermore, the average Funding Rate has fallen to -0.0028, slightly below neutral, suggesting that long demand is weak enough for short positions to gain an edge.

Despite these indicators, XRP's price remains relatively stable at around $1.3350, down 0.57% for the session with a volume of roughly 29.64 million XRP. Technical analysis suggests that buyers still lack control, with the RSI below neutral and the MACD line below zero.