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Steve Muchoki

CryptoQuant data shows XRP institutional buying on Binance turns negative in May

Institutional demand for XRP weakened in May after a burst of accumulation in April 2026. On May 20, Binance's XRP institutional accumulation model slipped below zero and was around -0.0059, while large holders also pulled nearly 403 million XRP (worth over $548 million) off the exchange between May 1 and 15. XRP traded near $1.36 at the time of reporting, down more than 3% over 30 days, with market cap about $84.3 billion.