Recent on-chain and fund flow data is reviving a common question in the XRP market: are investors using the recent price dip to buy more? New figures highlighted by CryptoQuant contributor Darkfost indicate a surge in withdrawals from Binance, even as spot XRP ETFs continue to attract capital despite the token’s decline.
Is XRP Being Accumulated?
Darkfost views this activity within a broader altcoin context that remains selective rather than widespread. “Despite a period of uncertainty that has hurt the cryptocurrency market, altcoins are beginning to show early signs of resilience,” he noted. He pointed to Total3—the market cap of altcoins excluding Ethereum—which has been consolidating between $640 billion and $740 billion, gaining about 11% since early February.
This context is important because his analysis of XRP isn’t based on a broad altcoin recovery, but rather on a concentration of capital. As Darkfost explained, “Despite a complex macroeconomic environment and still-limited market liquidity, some capital remains positioned in altcoins.” However, with liquidity tight and the number of available tokens growing, he argued that “asset selection is becoming increasingly important.”
Within this framework, XRP is beginning to stand out. A CryptoQuant chart tracking XRP withdrawals from Binance shows several sharp spikes in recent weeks, with the most notable exceeding 14,000 transactions on March 6. These surges occurred while XRP’s price remained under pressure—a pattern often interpreted by traders as coins being moved off exchanges for storage, rather than being prepared for sale.
Darkfost was cautious not to overstate the signal, but his interpretation was clear: “At the moment, a few positive signals are emerging around XRP. The number of XRP withdrawal transactions on Binance has shown several sudden spikes in recent days… This type of movement may indicate that some investors are accumulating and then transferring their tokens to private wallets rather than keeping them on the exchange.”
The second part of the story is ETF demand. Bloomberg ETF analyst James Seyffart noted that spot XRP products “have actually held up pretty well despite the massive pullback in price,” attracting roughly $1.4 billion in cumulative inflows since launch. A chart shared by Seyffart shows flows growing from about $150 million in November 2025 to $1.44 billion by March 2026, suggesting continued investment even as market conditions toughened.
Seyffart also highlighted the limited visibility into who the buyers are. “Who are these buyers/holders?” he wrote. “We only know a small portion because the vast majority don’t file 13Fs.” A Bloomberg Intelligence table of holders as of December 31, 2025, shows Goldman Sachs Group leading with $153.8 million (83.6 million XRP), followed by Millennium Management with $23.1 million (12.5 million XRP). Smaller positions are held by firms like Citadel Advisors, Jane Street, and DRW Securities.
This combination gives the current XRP situation its edge. On one side, exchange withdrawal activity suggests coins are moving from Binance into private wallets. On the other, steady ETF inflows and reported institutional exposure point to ongoing accumulation.
At the time of writing, XRP is trading at $1.3768.
Frequently Asked Questions
Frequently Asked Questions About XRP Accumulation Signals Binance Withdrawal Surge
Beginner Questions
Q1 What is an XRP accumulation signal
A Its a market indicator suggesting that large investors or traders are buying and holding XRP often in anticipation of a future price increase
Q2 Why are Binance withdrawals of XRP surging
A Recent data shows a significant increase in XRP being moved off Binance which many interpret as investors moving coins to private wallets for longterm holding possibly due to growing optimism around a potential XRP ETF
Q3 What is an ETF and why does it matter for XRP
A An ETF is an investment fund that tracks an asset and trades on stock exchanges An XRP ETF would allow traditional investors to gain exposure to XRP without directly buying it potentially driving massive new demand and legitimacy
Q4 Is this surge in withdrawals a good sign for XRPs price
A It can be Large withdrawals from exchanges often reduce immediate selling pressure and signal strong holder confidence which is generally viewed as a bullish indicator
Q5 How can I check if XRP is being accumulated
A You can look at exchange wallet data that track large transactions and exchange net flows
Intermediate Advanced Questions
Q6 Whats the difference between accumulation and just regular trading
A Accumulation implies sustained strategic buying to build a large position over time often with the intent to hold for the long term Regular trading involves frequent buying and selling for shortterm profit
Q7 Could the withdrawal surge be for reasons other than ETF speculation
A Yes Possible reasons include users moving to selfcustody for security preparation for staking or participation in other ecosystems or even distribution to multiple wallets
Q8 Has an XRP ETF been approved
A Not yet As of now several asset managers have filed for spot crypto ETFs but an XRPspecific ETF is still speculative The surge in interest is based on the expectation that one could be filed or approved in