XRP Experiences Surge in Taker Buying Amid Mixed On-Chain Metrics

Ripple (XRP) has seen a significant uptick in demand from derivatives traders, with the taker buy-sell ratio reaching its highest level in 2026, according to data from CryptoQuant. This increase in aggressive buying volume relative to selling volume indicates a potential upward momentum for XRP prices.

Over the past 24 hours, XRP's price has bounced modestly, rising by 5.35%. This surge in price correlates with the 7-day moving average of the taker buy-sell ratio climbing back above 1, suggesting that buying activity has been dominant.

Mixed Signals from On-Chain Metrics

Despite the positive price action, other on-chain indicators present a mixed picture. The Coin Days Destroyed (CDD), which measures the volume-weighted age of coins spent, has shown a significant spike, the largest since April. High CDD values typically indicate that a substantial volume of previously dormant coins is being moved, potentially implying an impending selling wave.

This situation signals that some holders may have taken advantage of the recent price increase above $1.10 to realize profits. On the other hand, XRP's net wallet flows turned negative, indicating a shift from a net depositing environment to net withdrawals.

Market Sentiment and Accumulation Evidence

Crypto analyst Amr Taha noted that on June 30, the 7-day net wallet activity fell to -6,210. This change indicates that more wallets have withdrawn XRP than deposited, a trend that does not necessarily confirm significant accumulation by larger holders. Data from Glassnode suggests that the top 1% of XRP holders have been distributing their holdings, with their share of the supply decreasing from 87.98% to 87.87% in June.

Despite these supply fluctuations, marked by a recent unlock of 1 billion XRP, the market has maintained its psychological support level at $1. The on-chain metrics have slightly favored accumulation, but overall market sentiment and Bitcoin price movements will continue to influence XRP's performance.

Conclusion

While the recent spike in XRP's price is supported by increased aggressive buying, the simultaneous rise in CDD raises concerns about potential selling pressure. Furthermore, the shift in wallet activities from deposits to withdrawals is a noteworthy development for investors.