- XRP is coming under pressure in addition to the geopolitical risk-off environment after more than 472 million XRP flowed onto Binance in just seven days.
- The unusually strong stock market inflow could create the conditions for a short-term sell-off.
The conflict between the USA and Iran continued to escalate overnight. The Americans have now named their military operation “Operation Epic Fury”. President Trump said the operation could last “four weeks or less” and stressed that they would continue “until all of our objectives are achieved.” Almost at the same time, the Pentagon reported the first three US soldiers killed.
The reaction on the markets was immediate. The price of Brent oil briefly climbed to $82 a barrel and European stocks slipped. The crypto world also felt the risk-off shock fully. Bitcoin and altcoins sold off heavily over the weekend. Bitcoin temporarily collapsed below $64,000, but was able to recover and stood at around $66,300 on Monday. At the same time, XRP was trading around $1.36.
XRP price under pressure
What is particularly interesting for XRP holders is what is currently happening on-chain. Well-known CryptoQuant analyst Darkfost (@Darkfost_Coc) spoke late Sunday evening on X Alarm sounded: In just seven days, over 472 million XRP worth around $652 million flowed onto the Binance exchange. This is, as he writes, “the largest influx period of the entire February.”
Such mass movements usually indicate that large holders are getting nervous and want to keep their coins safe in case things get worse. Darkfost itself puts it cautiously: “Such inflows typically reflect a more defensive stance on the part of investors.” And with these sums, this could put the price under pressure in the short term:
“When large amounts of tokens are traded on exchanges, it often signals a potential willingness to sell or at least an intention to position liquidity closer to the market.”
Meanwhile, Trump is upping the ante. “It was always a four-week process or about four weeks,” he said. “They want to talk, but I said: You should have talked last week, not this week.”
For XRP, this means a pretty uncomfortable combination: geopolitical unrest, rising oil prices and now this massive supply pressure on the stock market. As long as the news from the Middle East stays hot and the inflows don’t stop, the situation for the token remains quite delicate, according to Darkfost:
“When such capital flows occur, they can set the stage for a sudden wave of selling that could have a short-term impact on price developments.”
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