XRPUSD +0.48%

XRP XRPUSD becomes the worst-performing cryptocurrency among the top 10 in the last 24 hours, recording the sharpest price decline in that group.

This fifth-largest cryptocurrency has fallen more than 2% in a day, lagging behind the market which actually rose 0.51%. At the time of publication, this altcoin is trading at around US$1.32.

This correction occurs as geopolitical and macroeconomic uncertainties continue to weigh on investor sentiment across digital assets.

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Binance Data Reveals Stable Accumulation Pattern

However, not all signals indicate weakness. Darkfost analyst highlights that despite challenging conditions, especially for altcoins, some assets are showing resilience.

XRP has maintained a clear trading range over the past few months, moving between US$1.30 and US$1.50. This native token is still more than 60% below its previous all-time high.

But the analyst points out that rather than giving up, some holders are taking advantage of this consolidation period to strengthen their positions.

“This is very evident on Binance, where on-chain activity has shown a clear resurgence since late February. This trend is reflected in a significant increase in outflow transactions, indicating more users are withdrawing their tokens from exchanges,” he said.

XRP withdrawal transactions on Binance have surged since late February, with some days seeing daily outflows exceeding 4,000 transactions, even approaching 6,000.

Darkfost’s analysis shows that most of this outflow activity is driven by transactions ranging from 1,000 to 100,000 XRP. This range typically involves mid-tier investors, not large crypto whales.

Increasing outflows from exchanges generally signal a bullish trend. Investors withdrawing tokens from centralized platforms usually plan to hold the assets longer, reducing sell-side liquidity in the market.

“The main question now is whether this accumulation is enough to push XRP out of its current range and trigger a bullish trend in the coming months,” the analyst wrote.

This accumulation trend emerges as XRP enters one of its strongest months. Data from CryptoRank shows that the token has averaged a return of +24.8% in April, with a median positive gain of +2.05%.

Is this combination of consistent accumulation and seasonal strength enough to trigger a breakout? It remains a question. However, the ongoing reduction of supply on exchanges suggests that although it currently appears weak, the underlying demand for XRP seems to be quietly increasing.

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