Overview
- Large holders withdrew about 442 million XRP, worth roughly $592 million, from Binance and Coinbase across two sessions in late March, according to CryptoQuant.
- Those coins did not rotate to other trading venues and instead moved off the sell side, reducing the pool that can be sold quickly on exchanges.
- CryptoQuant’s exchange data shows Binance now holds about $3.6 billion in XRP with cumulative net outflows of around $11.4 billion, pointing to a sustained shift into private wallets.
- Arab Chain reports one of the weakest recent readings for depth on Binance’s XRP book with a 30‑day liquidity index near 0.062 and a 30‑day turnover near $4.46 billion, signaling thin orders and lighter capital flow.
- XRP trades in a fragile $1.20–$1.50 range below key moving averages after February’s breakdown and volume spike, and in this low‑liquidity setup even modest buying or selling can cause faster, larger price swings.