XRP is outperforming major peers Bitcoin and Ethereum as investors aggressively bought the recent market dip.
Since bottoming on Feb. 6, XRP has jumped roughly 38% to trade near $1.55, according to data from CoinDesk. The token has gained more than 5% in the past 24 hours alone.
In comparison, bitcoin and ether have advanced about 15% from their early-February lows, recently changing hands around $69,420 and $2,020, respectively.
The stronger move in XRP coincides with notable withdrawals from Binance during the sell-off. Data from CryptoQuant shows Binance’s XRP reserves declined by 192.37 million tokens to 2.553 billion between Feb. 7 and 9 — a 7% drop that marked the lowest level since January 2024. Holdings have largely stabilized since.
A decline in exchange balances is typically interpreted as a sign of accumulation, as investors shift tokens into private wallets for longer-term storage. Large withdrawals can tighten liquid supply on exchanges, potentially creating conditions for upward price momentum.
A similar pattern emerged in late 2024, when XRP rallied from about $0.60 to more than $2.40 over two months as exchange reserves fell sharply, underscoring how reduced on-exchange supply can amplify bullish moves.
