According to data provided by CryptoQuant, the XRP Exchange Absorption Score on Binance has turned negative. Daily data shows this score at approximately -2.94 million XRP, while the 7-day average stands at -7.79 million XRP. This indicates that although the inflow and outflow of XRP on the exchange are relatively balanced, selling pressure remains, with supply gradually exceeding demand.
Chart Analysis
The chart tracks XRP trading activity from November 2024 to mid-March 2026, broken down into four key metrics. The blue line represents the inflow of XRP, or the amount entering the exchange; the orange line tracks the outflow, or the amount leaving the exchange. The green line displays the daily absorption score, while the purple line shows the 7-day rolling average absorption score.
During the period from early November to the end of November 2024, the chart shows the most extreme values. At the beginning of the visible cycle, the 7-day average absorption score (purple line) briefly exceeded 600 million XRP, reflecting an exceptionally strong net demand absorption capacity for XRP at that time.
During this period, both the inflow and outflow of XRP were at high levels. At the beginning of November, inflows approached 350 million XRP before tapering off. As December approached, the 7-day average absorption score (purple line) sharply dropped from over 600 million XRP to around 300 million XRP. This marked a return to normalcy following the extreme demand conditions that accompanied the rise in XRP prices at the end of 2024.
Entering December and continuing into January, XRP's inflow (blue line) and outflow (orange line) exhibited a more regular oscillation pattern, with daily trading volumes fluctuating between 50 million and 200 million XRP. Meanwhile, both the daily absorption score (green line) and the 7-day average absorption score (purple line) showed a steady downward trend, gradually approaching the zero baseline. Around the end of January, a significant fluctuation appeared in the chart. The daily XRP outflow (orange line) surged to over 600 million XRP, setting a single-day record in the chart; inflows (blue line) also saw significant growth, but the peak was below the outflow. This anomaly coincided with the significant volatility shown in XRP price data during the same period.
Starting in February, the inflow and outflow of XRP further narrowed, maintaining a daily fluctuation range of 50 million to 150 million XRP. The daily absorption score (green line) fluctuated around the zero baseline, with several negative dips appearing. The 7-day average absorption score (purple line) stabilized near the zero line but remained slightly below it, consistent with the current reading of -7.79 million XRP.
Meaning of Absorption Score
The absorption score provides a more accurate reflection of the supply and demand relationship for XRP on exchanges than simple inflow and outflow data. Inflows of XRP to the exchange typically indicate potential selling intentions, while outflows are more related to holding or withdrawal intentions. When outflows consistently exceed inflows, the absorption score will be positive, indicating that the exchange is absorbing market supply faster than it is flowing in. Conversely, when inflows exceed outflows, the absorption score will be negative, meaning that the supply of XRP entering the exchange is greater than the rate at which it is being absorbed by buyers.
Currently, both the daily absorption score of -2.94 million XRP and the 7-day average absorption score of -7.79 million XRP are in negative territory. The gap between inflows and outflows indicates that the supply of XRP on the Binance platform is exceeding its demand absorption.