XRP (CRYPTO: XRP) slipped 0.5% but Binance outflow transactions surged above 4,000 daily since late February, signaling mid-sized investors are accumulating despite XRP ETF outflows hitting $2.31 million on March 30.
The Binance Accumulation Signal
Binance on-chain activity shows a clear resurgence since the end of February.
Outflow transactions have consistently exceeded 4,000 per day, with some peaks reaching close to 6,000 transactions in a single day.
Most of this activity stems from transactions ranging between 1,000 and 100,000 XRP, which typically corresponds to mid-sized investors rather than large whales.
Increased outflow transactions often suggest investors are withdrawing tokens from exchanges to hold them elsewhere, indicating a gradual accumulation phase.
XRP has traded in a well-defined range between $1.30 and $1.50 for several months. While the …