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200M XRP Pulled From Binance

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What This Means for Traders


Some analysts note withdrawals can reflect conviction, as traders rarely shift assets off platforms during panic phases suddenly.

XRP holders have moved approximately 200 million tokens off the Binance exchange over the past ten days, according to CryptoQuant contributor Darkfost.

The move comes with the Ripple token trading 27% lower than a month ago, suggesting some investors see current prices as an accumulation opportunity rather than an exit point.

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Exchange Outflows Signal Shift in Investor Strategy

Data tracked by Darkfost shows a steady drop in XRP balances held on the world’s largest cryptocurrency exchange by volume. Per the on-chain observer, the XRP supply ratio on the platform fell from 0.027 to 0.025 over ten days, which translates to about 200 million tokens leaving Binance in the period.

Usually, when investors withdraw assets from exchanges, it reduces immediate selling pressure and points to longer-term holding strategies, as tokens moved to private custody are less accessible for quick trades.

“This dynamic therefore suggests that some investors consider current price levels to be attractive from an accumulation standpoint,” Darkfost concluded.

While some movements could reflect internal exchange reallocations, Binance tends to publish its custody addresses, allowing analysts to distinguish between operational adjustments and organic user-driven withdrawals with reasonable accuracy.

The timing of these outflows coincides with a difficult period for XRP holders. The asset has corrected roughly 40% since the start of the year, with the decline pushing it down to a 15-month low near the $1.00 level earlier in the month.

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At the time of writing, the Ripple token was trading at around $1.42, down 4.5% in the last 24 hours and 27% over the past month, based on data from CoinGecko. Over a year, XRP has fallen by more than 44% and currently sits 61% below its all-time high of $3.65 reached in July 2025.

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Still, the token has risen about 3% in the last week, outperforming the broader crypto market’s 1.4% gain in the same period. Daily trading volume has also climbed about 6% to just over $2.3 billion, a sign of increased activity even with prices slipping.

Market Sentiment Diverges From Price Action

Despite the price pressure, XRP has continued to attract attention from investors and analysts, with Grayscale recently identifying it as the second-most discussed asset in its community after Bitcoin (BTC).

The firm’s head of product and research, Rayhaneh Sharif-Askary, said during Ripple Community Day that clients frequently ask about XRP and related products tied to the Ripple ecosystem.

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Additionally, a recent report from CoinShares showed XRP-linked funds drew about $33 million in inflows at a time when crypto investment products associated with heavyweights like Bitcoin and Ethereum (ETH) suffered a fourth straight week of outflows.

Nevertheless, some market observers and traditional financial institutions have tempered expectations about XRP’s performance this year. For instance, banking giant Standard Chartered slashed its year-end XRP price target by 65%, pushing down its forecast from $8.00 to $2.80, citing challenging near-term conditions across digital assets. The firm also lowered forecasts for Bitcoin, Ethereum, and Solana (SOL).

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Crypto World

Bitcoin ETFs Will Be Bigger Than Gold ETFs, Says ETF Analyst

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Bitcoin ETFs Will Be Bigger Than Gold ETFs, Says ETF Analyst

Spot Bitcoin exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart.

“There are just more use cases of why somebody would put a Bitcoin ETF in a portfolio,” Seyffart said on the Coin Stories podcast published to YouTube on Friday. He pointed to Bitcoin’s (BTC) role as digital gold, a store of value, a portfolio diversifier, and a form of digital capital and property, adding that the market also views Bitcoin as a “growth risk asset.”

Seyffart explained that Bitcoin has “all these different ways” of being viewed, while gold only has “one of those things.”

“Our view is that Bitcoin ETFs will be larger than gold ETFs,” he added.

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Bitcoin ETFs are a “hot sauce” in the portfolio

“There are so many people that could use it. They could be viewing it to put in their portfolio because they want to bet on like a growth and liquidity trade,” he said. “It can be hot sauce in a portfolio in that way,” he added.

Bloomberg ETF analyst James Seyffart spoke to Natalie Brunell on the Coin Stories podcast. Source: Coin Stories

Bitcoin is often compared to gold due to its limited supply and perceived role as a hedge against monetary debasement. 

US-based gold ETFs recorded net outflows of $2.92 billion in March, while US spot Bitcoin ETFs attracted $1.32 billion in net inflows over the same period.

Gold and BTC have declined over the past 30 days

The largest US gold-backed ETF, GLD, recorded a $3 billion outflow on Mar. 4, the largest daily withdrawal in more than two years.

On Mar. 19, Cointelegraph cited data from the Bank for International Settlements (BIS) showing retail gold purchases have tripled over the last six months, while Wall Street selling has accelerated over the past four months.

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Related: Bitcoin ‘done’ with 85% crashes, says Cathie Wood amid new $34K target

Despite the divergence in ETF flows, both assets have moved broadly in tandem in recent weeks.

Bitcoin is trading at $66,918 at the time of publication, down 8.07% over the past 30 days, according to CoinMarketCap. Meanwhile, gold is trading at $4,676, down 8.25% over the past 30 days, according to GoldPrice data.

In December 2025, Fidelity Digital Assets analyst Chris Kuiper said that, “historically, gold and Bitcoin have taken turns outperforming. With gold shining in 2025, it would not be surprising if Bitcoin takes the lead next.”

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