XRP Sprint: Speeding Ahead of Bitcoin, Ethereum and BNB
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XRP surged about 38% since February 6, reaching $1.55 before easing to $1.46, outperforming major cryptocurrencies like Bitcoin and Ethereum. Binance's XRP reserves fell to yearly lows, signaling potential accumulation as investors move tokens into private wallets, while XRP maintained $4.11B in trading volume.
XRP Exchange Reserves Hit Yearly Lows as Binance Outflows Hint at Investor Accumulation
XRP has been a breakout mover this month, delivering a sharp rebound that’s turning heads across the market. After bottoming on Feb. 6, it surged about 38% to $1.55, one of its strongest short-term rallies in recent memory.
While it has eased back to around $1.46, XRP’s momentum still stands out as many large-cap cryptocurrencies struggle to recover.
XRP is outperforming the market, up 1.7% this week while major peers lag. Data from CoinCodex shows Bitcoin, Ethereum, and BNB down roughly 1.7%, 2.3%, and 2.6%, signaling selective capital rotation into beaten-down assets with perceived value.
After a period of consolidation, XRP is gaining bullish traction, with $1.67 now the key resistance to watch for a potential breakout.
Well, the divergence is striking since the Feb. 6 bottom: XRP rocketed nearly 38% at its peak, far outpacing Bitcoin and Ethereum, which rebounded about 15% each.
With Bitcoin around $67,837 and Ethereum near $1,965, XRP’s sharper rally points to stronger dip-buying demand and traders rotating into higher-beta plays after the market pullback.
XRP Exchange Reserves Hit Yearly Lows as Binance Outflows Hint at Investor Accumulation
Exchange flow data sharpens the picture: CryptoQuant reports that XRP reserves on Binance dropped 192.37M to 2.553B XRP, a 7% fall to the lowest level since Jan 2024. Such declines often point to investors moving tokens into private wallets, signaling accumulation over selling.
Meanwhile, XRP still logged $4.11B in 7-day volume on Upbit, highlighting robust trading activity despite the price dip.
Conclusion
Binance’s XRP holdings have stabilized, suggesting withdrawals have slowed without a rush back to the exchange. Coupled with XRP’s price resilience, this supports a dip-buying narrative. If XRP can sustain the mid $1.40s levels and challenge recent highs, then more bullish momentum is in the books.
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Ripple (XRP) News Today: February 17th
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XRP Sprint: Speeding Ahead of Bitcoin, Ethereum and BNB
Share:
XRP surged about 38% since February 6, reaching $1.55 before easing to $1.46, outperforming major cryptocurrencies like Bitcoin and Ethereum. Binance's XRP reserves fell to yearly lows, signaling potential accumulation as investors move tokens into private wallets, while XRP maintained $4.11B in trading volume.
XRP Exchange Reserves Hit Yearly Lows as Binance Outflows Hint at Investor Accumulation
XRP has been a breakout mover this month, delivering a sharp rebound that’s turning heads across the market. After bottoming on Feb. 6, it surged about 38% to $1.55, one of its strongest short-term rallies in recent memory.
While it has eased back to around $1.46, XRP’s momentum still stands out as many large-cap cryptocurrencies struggle to recover.
XRP is outperforming the market, up 1.7% this week while major peers lag. Data from CoinCodex shows Bitcoin, Ethereum, and BNB down roughly 1.7%, 2.3%, and 2.6%, signaling selective capital rotation into beaten-down assets with perceived value.
After a period of consolidation, XRP is gaining bullish traction, with $1.67 now the key resistance to watch for a potential breakout.
Well, the divergence is striking since the Feb. 6 bottom: XRP rocketed nearly 38% at its peak, far outpacing Bitcoin and Ethereum, which rebounded about 15% each.
With Bitcoin around $67,837 and Ethereum near $1,965, XRP’s sharper rally points to stronger dip-buying demand and traders rotating into higher-beta plays after the market pullback.
XRP Exchange Reserves Hit Yearly Lows as Binance Outflows Hint at Investor Accumulation
Exchange flow data sharpens the picture: CryptoQuant reports that XRP reserves on Binance dropped 192.37M to 2.553B XRP, a 7% fall to the lowest level since Jan 2024. Such declines often point to investors moving tokens into private wallets, signaling accumulation over selling.
Meanwhile, XRP still logged $4.11B in 7-day volume on Upbit, highlighting robust trading activity despite the price dip.
Conclusion
Binance’s XRP holdings have stabilized, suggesting withdrawals have slowed without a rush back to the exchange. Coupled with XRP’s price resilience, this supports a dip-buying narrative. If XRP can sustain the mid $1.40s levels and challenge recent highs, then more bullish momentum is in the books.
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Ripple (XRP) News Today: February 17th