200M XRP Pulled From Binance – Bullish Signal or False Alarm?
XRP holders have moved roughly 200 million tokens off the Binance alternate over the previous ten days, in line with CryptoQuant contributor Darkfost.
The transfer comes with the Ripple token buying and selling 27% decrease than a month in the past, suggesting some buyers see present costs as an accumulation alternative fairly than an exit level.
Exchange Outflows Signal Shift in Investor Strategy
Data tracked by Darkfost shows a gradual drop in XRP balances held on the world’s largest cryptocurrency alternate by quantity. Per the on-chain observer, the XRP provide ratio on the platform fell from 0.027 to 0.025 over ten days, which interprets to about 200 million tokens leaving Binance within the interval.
Usually, when buyers withdraw belongings from exchanges, it reduces fast promoting strain and factors to longer-term holding methods, as tokens moved to non-public custody are much less accessible for fast trades.
“This dynamic due to this fact means that some buyers take into account present worth ranges to be engaging from an accumulation standpoint,” Darkfost concluded.
While some actions may replicate inner alternate reallocations, Binance tends to publish its custody addresses, permitting analysts to tell apart between operational changes and natural user-driven withdrawals with affordable accuracy.
The timing of those outflows coincides with a troublesome interval for XRP holders. The asset has corrected roughly 40% because the begin of the 12 months, with the decline pushing it right down to a 15-month low close to the $1.00 degree earlier within the month.
At the time of writing, the Ripple token was buying and selling at round $1.42, down 4.5% within the final 24 hours and 27% over the previous month, based mostly on knowledge from CoinGecko. Over a 12 months, XRP has fallen by greater than 44% and at the moment sits 61% beneath its all-time high of $3.65 reached in July 2025.
Still, the token has risen about 3% within the final week, outperforming the broader crypto market’s 1.4% acquire in the identical interval. Daily buying and selling quantity has additionally climbed about 6% to only over $2.3 billion, an indication of elevated exercise even with costs slipping.
Market Sentiment Diverges From Price Action
Despite the worth strain, XRP has continued to draw consideration from buyers and analysts, with Grayscale not too long ago identifying it because the second-most mentioned asset in its neighborhood after Bitcoin (BTC).
The agency’s head of product and analysis, Rayhaneh Sharif-Askary, stated throughout Ripple Community Day that shoppers steadily ask about XRP and associated merchandise tied to the Ripple ecosystem.
Additionally, a latest report from CoinShares showed XRP-linked funds drew about $33 million in inflows at a time when crypto funding merchandise related to heavyweights like Bitcoin and Ethereum (ETH) suffered a fourth straight week of outflows.
Nevertheless, some market observers and conventional monetary establishments have tempered expectations about XRP’s efficiency this 12 months. For occasion, banking large Standard Chartered slashed its year-end XRP worth goal by 65%, pushing down its forecast from $8.00 to $2.80, citing difficult near-term circumstances throughout digital belongings. The agency additionally lowered forecasts for Bitcoin, Ethereum, and Solana (SOL).
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