200 Million XRP Withdrawn From Binance, Signaling Long-Term Holding Trend

▲ XRP (XRP) / AI-generated image

XRP investors appear to have entered a long-term holding phase, taking advantage of the recent price decline to withdraw large volumes of tokens from exchanges.

According to crypto media outlet CryptoPotato on February 19 (local time), Darkfost, a contributor to on-chain analytics platform CryptoQuant, reported that approximately 200 million XRP has flowed out of Binance, the world’s largest cryptocurrency exchange, into external wallets over the past ten days. As evidence, Darkfost pointed to a decline in Binance’s XRP supply ratio from 0.027 to 0.025 during the same period. This amounts to roughly 200 million XRP, suggesting that investors view the current price level not as an exit point but as an accumulation opportunity.

In general, large-scale withdrawals from exchanges are interpreted as a positive signal that reduces immediate selling pressure in the market. Assets moved to personal wallets are less readily available for quick trades, indicating that investors are adopting a long-term holding strategy rather than reacting to short-term price fluctuations. Darkfost analyzed that this trend “reflects strong investor conviction that the current price range is an attractive accumulation zone.”

Recently, XRP holders have endured a difficult period, experiencing a price correction of about 40% compared to the beginning of the year. Earlier this month, the price fell to around $1.00, its lowest level in 15 months. Despite this price pressure, XRP continues to draw significant attention from investors and analysts. Rayhaneh Sharif-Askary, Head of Product and Research at asset manager Grayscale, stated at Ripple Community Day that clients inquire about XRP and related ecosystem products more than any other asset except Bitcoin (BTC).

Investment flow data also supports this interest. According to CoinShares’ latest report, while Bitcoin and Ethereum (ETH) investment products recorded outflows for four consecutive weeks, XRP-related funds saw inflows of approximately $33 million. This demonstrates that institutional demand for the XRP ecosystem remains solid even as caution spreads across major digital assets.

However, some market observers are expressing caution about the outlook. Global financial firm Standard Chartered recently lowered its year-end price target for XRP by 65%, from $8.00 to $2.80, citing a challenging environment for the cryptocurrency market. Nevertheless, the continued wave of large-scale withdrawals from exchanges suggests that investors are increasingly betting on the ecosystem’s long-term value rather than focusing on short-term price volatility.

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