XRP Selling Pressure Is Easing, But Something Is Still Missing

2 hours ago 2

Rommie Analytics

Key Takeaways

  • Bybit deposit wave ended around May 16.
  • Institutional accumulation indicator at -0.0059, near neutral but still negative.
  • Both readings cover the same period and point in opposite directions.
  • SMA50 at $1.3762, only $0.0055 above current price: nearest 1H resistance.
  • RSI at 52.84, signal at 38.4.

What Taha’s flow data shows and what Arab Chain’s accumulation model shows

According to analysis of CryptoQuant’s Multi-Exchange Daily Depositing and Withdrawing Transactions Delta, Bybit’s transaction delta returned close to zero around May 16. That marked the end of a month-long period of consistent deposit dominance running from mid-April through mid-May. Simultaneously, Binance and Coinbase have moved into negative territory on the same metric, meaning withdr...

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