Ripple news: XRP investors likely bought the dip after the recent crash
XRP is outperforming Bitcoin and Ether following a recent crash due to significant investor accumulation.Summary
XRP is currently rising faster than both Bitcoin and Ether after investors aggressively bought the dip following an early-month crash. XRP's price has rallied 38% from its low of $1.12 on February 6th to $1.55, significantly outpacing Bitcoin and Ether's roughly 15% recovery in the same period. This strong performance correlates with data from CryptoQuant showing a sharp 192.37 million XRP drop in reserves on the Binance exchange between February 7th and 9th. Analysts interpret such a significant reduction in exchange balances as a sign of investor accumulation, suggesting long-term holders are withdrawing coins into private custody, which reduces available supply and can fuel a price rally, a trend supported by historical data.
(Source：CoinDesk)