XRP dropped about 4% over the past 24 hours as roughly 472 million XRP (around $652 million) flowed into Binance in the past week, the biggest February inflow for the token so far. The move coincides with rising tensions involving the United States, Iran, and Israel, sparking a risk-off sentiment among investors.
XRP has been trading between $1.3 and $1.4, down over 35% compared to last year, with 24-hour trading volumes staying in the multi-billion-dollar range.
On-chain data shows several large XRP transfers to Binance in late February, signaling defensive positioning by holders. Analysts say these inflows don’t necessarily mean immediate selling, but they do place a large supply closer to the market, which could increase short-term sell pressure.
CryptoQuant contributor Darkfost explained that such inflows usually indicate that investors are ready to sell or want liquidity near exchanges, especially during periods of uncertainty. While it’s unclear if this is a short-term panic move or the start of broader distribution, the timing—right after weekend Middle East escalations—has added to market anxiety.
Market observers note that during geopolitical stress, traders often reduce directional exposure and move assets into exchanges to exit quickly if volatility spikes, which could create sudden price swings in the short term.
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