Negative Binance absorption leaves XRP stuck in $1.40s, needs breakout to avert downside

On-chain metrics from CryptoQuant show the XRP Exchange Absorption Score on Binance is negative, with a daily reading around -2.94 million XRP and a seven‑day average near -7.79 million, signaling that supply is currently outpacing demand even as inflows and outflows move toward balance ^[1].

Price action has been range‑bound in the low $1.40s. Multiple market reports note XRP trading between roughly $1.44 and $1.54 amid steady accumulation but limited institutional demand, and recent intraday weakness saw the token slip below $1.50 and trade under the 100‑hour simple moving average with resistance around $1.4650–$1.50 ^{[2] [3]}.

Technical analysis points to a challenging broader structure: an analyst flagged that a former floor near $1.80 flipped to resistance after a channel break, leaving XRP in a precarious position unless key levels are reclaimed, while pattern studies note weak momentum inside a longer downtrend even as an ascending triangle leaves open the prospect of a breakout if resistance is cleared ^{[4] [5]}.

On the fundamentals side, Ripple has announced expansion efforts into Brazil — a development described as a significant regional push by market coverage — though coverage also emphasizes that such initiatives may take time to affect XRP’s price trajectory ^[6].

Taken together, on‑chain data, intraday price weakness, and the prevailing technical structure point to near‑term downside pressure or continued range‑bound trading for XRP unless buying interest increases and key resistance levels are reclaimed ^{[1] [2] [3] [4] [5] [6]}.