Key Highlights
- Nearly 200 million XRP, worth about $284M at its current $1.42 price, has been withdrawn on February 9, 2026, dropping Binance holdings from 2.75B to 2.55B tokens.
- XRP supply ratio fell from 0.027 to 0.025; CryptoQuant’s Darkfost calls it classic long-term holder behavior as tokens move to private wallets after a 40% YTD drop.
- Pattern has preceded past recoveries, yet momentum stays fragile with Bitcoin stuck below $70K and earlier whale inflows that could trigger selling if pressure returns.
In a dramatic shift, roughly $284 million in XRP have exited Binance over the span of the past 10 days. The move likely occurs as investors withdraw their holdings from crypto exchanges to private wallets following a bruising 40% drop in the cryptocurrency’s value this year.
As per data from CryptoQuant, XRP supply on Binance declined dramatically from 2.75 billion to 2.55 billion on February 9, 2026. This marks a decline of nearly 200 million tokens, worth approximately $284 million as per XRP’s latest market price of $1.42, according to token price data from CoinMarketCap.
The exchange’s XRP supply ratio fell from 0.027 to 0.025 during the period. That decline corresponds to the reported outflows and suggests reduced immediate selling pressure, as funds are moved to self-custody rather than staying available for quick trades.
A bullish long-term signal?
CryptoQuant contributor Darkfost highlighted the move in a recent analysis, describing it as a classic sign of accumulation. “A decline in assets held on exchanges means investors are moving their holdings to self-custody solutions such as personal wallets,” Darkfost wrote. “This can be interpreted as a signal reflecting an accumulation trend and willingness to hold for the long term.”
While the Binance outflows offer a bullish on-chain signal, similar patterns have preceded price recoveries in past cycles. However, analysts caution that momentum still remains fragile.
Recent price actions in the broader crypto markets have failed to break key resistance levels, with the largest cryptocurrency Bitcoin struggling to surge past $70,000. Market observers note that whale inflows to the exchange earlier in the year could offset the withdrawal trend if selling resumes.
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