PelinayPA2026-10-19

XRP’s Selling Signal

The total number of transactions on the XRP Ledger rose by about 14.78% day over day, to approximately 2.49 million. In October, Supply Share first fell from around 2.58 to 2.49, then recovered to 2.66. This may suggest a recent increase in Binance’s share of the supply. From a price perspective, that is a mildly cautious signal in terms of potential selling pressure. Transaction counts were lower during the summer, then surged in late August and early September. The latest reading is rising again. This points to increased network activity, but it does not tell us whether transfers were to exchanges, personal wallets, or made for other reasons or how much value was transferred. More network activity does not automatically mean stronger demand for the asset. These indicators do not determine the price directly; they provide context. With supply rising while the price is weakening, they may support the case for downward pressure. If transaction counts rise alongside the price, that could suggest the move is accompanied by broader network activity. But since transaction counts also include sellers, the bears appear to be more dominant here.