XRP (XRP) Price: Binance Withdrawal Surge Hints at Accumulation Despite Bearish Charts

Key Highlights

• XRP currently hovers near $1.33, maintaining a support zone between $1.30–$1.35 following a decline from $2.40 highs recorded earlier in the year
• Binance withdrawal activity has exploded since late February, with certain days registering nearly 6,000 outflow transactions
• The majority of withdrawals fall within the 1,000–100,000 XRP bracket, suggesting mid-tier holders are transferring assets to self-custody
• XRP continues trading beneath its 50, 100, and 200-day moving averages, facing strong resistance at the $1.50 threshold
• Crypto analyst Ali Charts identified a potential ascending triangle formation that may indicate an emerging buy signal

XRP is presently changing hands at $1.33, maintaining position above crucial support around $1.30 following several months of sustained downward pressure from peaks near $2.40. The digital asset has consolidated within a $1.30–$1.50 corridor for an extended period, while numerous alternative cryptocurrencies have plummeted toward or reached historic lows.

XRP continues trading more than 60% beneath its record high. The overarching trend maintains a bearish posture, with the asset positioned below all three major moving averages (50, 100, and 200-day) — each trending downward.

The Relative Strength Index registers approximately 41 on the daily timeframe, reflecting subdued momentum. The MACD indicator hovers marginally below the signal line around zero, suggesting weakening buying pressure rather than a robust trend reversal.

However, blockchain data analyzed by crypto researcher Darkfost reveals a contrasting narrative. Starting in late February, XRP withdrawal transactions from Binance have experienced dramatic growth. Numerous trading sessions have witnessed more than 4,000 outflow events, with isolated peaks approaching 6,000 withdrawals.

Massive Binance Withdrawals Point to Stealth Accumulation

These withdrawal patterns don’t represent isolated whale activity. Instead, the movement is distributed across thousands of separate transactions ranging from 1,000–100,000 XRP — a segment typically associated with retail investors, mid-sized holders, and smaller institutional players.

This transaction behavior indicates market participants are transferring XRP from exchange platforms into private storage solutions. Withdrawing tokens from exchange inventories diminishes the pool of coins available for immediate selling.

Darkfost characterizes this trend as aligned with a methodical accumulation period rather than distribution behavior. The tokens are exiting exchanges without returning to trading venues.

The $1.25–$1.30 support zone has withstood numerous downside tests without yielding. Market participants appear to be absorbing selling pressure at this price level, representing a structural departure from the previous sharp declines.

Critical Price Levels Under Watch

The $1.50 resistance barrier has rejected every upward attempt since February. A decisive move above this threshold would mark the initial indication of potential recovery momentum. More substantial resistance exists around $1.81, representing the upper boundary of the prevailing descending channel pattern.

For downside scenarios, a break below $1.25 would likely expose the psychologically significant $1.00 level as the subsequent major support target.

Crypto analyst Ali Charts suggested on X that XRP may be developing an ascending triangle configuration, which could present a near-term buying opportunity while potentially signaling the beginning of a more substantial upward trend.

XRP price stood at $1.33 as of Wednesday, April 1, 2026.

The post XRP (XRP) Price: Binance Withdrawal Surge Hints at Accumulation Despite Bearish Charts appeared first on Blockonomi.