- Rising XRP outflows suggest accumulation as investors withdraw tokens despite weak market conditions.
- Price remains in bearish trend with lower highs, death cross, and resistance near $1.40–$1.45.
- XRP holds $1.30 support; break lower risks drop, while breakout could target $1.65.
Analyst Darkfost reported rising XRP accumulation within a defined price range, citing increased exchange outflows despite broader market weakness. In a recent analysis, he noted that XRP continues trading between $1.30 and $1.50, while on-chain data from Binance shows growing withdrawal activity, suggesting steady accumulation during consolidation.
Outflows Signal Accumulation Trend
According to Darkfost, XRP has remained under pressure, trading over 60% below its previous all-time high. However, he pointed to a shift in on-chain behavior since late February. Notably, exchange outflows increased sharply during this period.
Several days recorded more than 4,000 outflow transactions, while peak activity approached 6,000 transactions in a single day. Most transfers ranged between 1,000 and 100,000 XRP, indicating activity from mid-sized investors rather than large holders.
This pattern, he explained, often reflects accumulation. Investors typically withdraw tokens from exchanges to hold them independently, reducing immediate selling pressure. Therefore, the rising outflows suggest gradual positioning despite difficult market conditions.
Price Structure Remains Under Pressure
Meanwhile, XRP’s broader market structure continues to show weakness. Since early October, price has declined from near $3.00, forming consistent lower highs and lower lows. This confirms a sustained bearish trend.
Technical indicators reinforce this structure. The 50-day moving average remains below the 200-day average, maintaining a death cross formation. Additionally, the long-term average continues to slope downward, reflecting ongoing weakness.
Short-lived rallies have failed to hold. For example, a late December spike toward $2.40 reversed quickly, showing limited buying strength. Volume spikes in early February also aligned with a sharp drop toward $1.30, indicating strong selling pressure.
Key Levels Define Next Moves
At present, XRP trades near $1.31, holding a key support level around $1.30. If this level breaks, downside could extend toward $1.20–$1.25. However, resistance remains firm between $1.40 and $1.45.
A move above this range, supported by volume, could open a path toward $1.65. However, current indicators show consolidation near lows, with no confirmed trend reversal yet.
