Amr Taha
XRP Binance Net Taker Volume Hits Two-Month Low at -$83M, Deeper Than April 2’s -$58M Signal
XRP Absorbed Its Strongest Binance Sell Pressure Since April 2 as Price Later Recovered Toward $1.35 XRP faced one of its sharpest Binance sell-pressure events in nearly two months on May 23, but the market did not follow through with a deeper breakdown. The signal came from Binance Cumulative Net Taker Volume, which dropped to around -$83 million on May 23 while XRP was trading near $1.31. That was the deepest negative reading since April 2, 2026, when the same metric reached about -$58 million while XRP traded near $1.28. The market takeaway is important: Binance sellers were more aggressive on May 23 than they were during the April 2 stress event, but XRP still managed to hold above the earlier price zone. With XRP now trading around $1.35, the May 23 move looks less like a confirmed breakdown and more like a short-term sell-pressure test that the market partially absorbed.