XRP Price Surges Amid Aggressive Buying, But On-Chain Signals Remain Mixed

Ripple's XRP has seen an influx of demand from derivatives traders, pushing its price up by 5.35% in the past 24 hours. According to CryptoQuant data, the aggressive taker buying volume relative to selling has reached a 2026 high.

The taker buy-sell ratio tracks the aggressive buying and selling activity in perpetual swap markets, with rising values indicating increased demand. This surge in demand has contributed to XRP's price bounce above $1.10.

However, on-chain signals suggest that this price increase may be short-lived. The Coin Days Destroyed metric saw a significant spike, the largest since April, which can indicate selling pressure and even capitulation in the market.

Despite this, evidence of accumulation has emerged, with XRP net wallet flows turning negative. According to CryptoQuant, the 7-day net depositing/withdrawing wallet count fell to -6,210 on June 30, indicating a shift from an XRP net depositing environment to a net withdrawal environment.

The top holders have been distributing their holdings throughout June, with the percent supply in their control falling from 87.98% to 87.87%. This has raised questions about whether the market can absorb the increased supply, particularly given the recent 1 billion XRP unlock.