On-chain data from Binance reveals a notable surge in XRP withdrawals, a pattern that analyst Darkfost interprets as accumulation during a weak market. Since late February, daily outflow transactions have regularly exceeded 4,000, with a peak approaching 6,000. Most transfers fall between 1,000 and 100,000 XRP, suggesting activity from mid-sized investors rather than large whales.
Outflows Signal Accumulation, Not Dumping
XRP continues to trade in a narrow range between $1.30 and $1.50, yet the rising exchange outflows contrast with price stagnation. Darkfost explains that investors typically move tokens off exchanges to hold independently, reducing immediate selling pressure — a behavior often associated with gradual accumulation. Despite this, the token remains under pressure, down over 60% from its previous all-time high.
Bearish Structure Unchanged: Death Cross and Key Resistance
The daily chart shows a persistent downtrend since early October, when XRP fell from near $3.00, etching consistent lower highs and lower lows. The 50-day moving average holds below the 200-day moving average, reinforcing a death cross formation. The long-term average continues to slope downward, confirming ongoing weakness.
Attempts at recovery have been short-lived. A late December spike toward $2.40 quickly reversed. Volume spikes in early February accompanied a sharp drop to $1.30, reflecting heavy selling pressure. The $1.30 support level is now critical; a breakdown could expose $1.20–$1.25. On the upside, resistance sits firmly at $1.40–$1.45. A breakout on rising volume could open a path toward $1.65, but current indicators still show consolidation near lows with no confirmed trend reversal.