The XRP price is at the forefront of the crypto market recovery following the Feb. 6 correction. Since bottoming on Feb. 6, the token has gained 38% and now trades near $1.55. This marks clear outperformance against Bitcoin and Ethereum. Binance data show a pronounced decline in XRP exchange reserves, a typical sign of heavy accumulation after a market crash. This movement indicates renewed investor confidence in XRP/USDT pairs across major platforms.
XRP Price Surges on Heavy Volume
XRP/USDT appears to be recovering strongly after the market crash at the beginning of February. The 5-minute chart shows a series of higher lows, a classic bullish signal. Rising trading volume and strengthening MACD momentum confirm the move. The price recently moved around $1.4550 before moving higher towards $1.55.
Bitcoin and Ethereum have also made a comeback during this same time frame. Nevertheless, their gains are only to the extent of about 15% since Feb. 6. In contrast, XRP’s 38% surge reflects significantly stronger buying pressure. Such a divergence suggests that the money that went into XRP during the dip resulted from capital rotation rather than an equal distribution of funds among large-cap tokens.
Source: TradingView
The price structure shows XRP trading above short-term moving averages. This technical alignment reinforces the bullish momentum observed since the crash. The recovery has been orderly, not erratic, which adds credibility to the move.
However, some analysts caution that short-term rallies after sharp corrections can face resistance near previous breakdown levels. Sustained strength above $1.60 would be needed to confirm a broader trend reversal.
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Binance Reserve Drop Signals Accumulation
On-chain and exchange data further support XRP’s outperformance. Between Feb. 7 and Feb. 9, Binance’s XRP reserves declined by 192.37 million coins, falling to 2.553 billion. This marked a 7-8% reduction and the lowest level since January 2024.
A decline in exchange reserves reflects investor accumulation. When traders withdraw assets from exchanges, it reduces the available liquid supply. Lower supply on trading platforms amplifies price movements when demand remains firm.
The timing of the reserve drop is significant. It occurred immediately after the Feb. 6 crash, indicating active dip buying rather than delayed participation. Since Feb. 9, reserves have remained stable, suggesting that the withdrawn XRP has not returned to exchanges for quick profit-taking.
This behavior strengthens the argument that the rally is supported by positioning rather than short-term speculation. The drop in Binance XRP reserves is being closely watched by traders as a potential supply squeeze indicator.
Technical Structure Supports Near-Term Strength
The technical indicators shown on the XRP/USDT chart are consistent with the accumulation story. After a period of weakness, the MACD histogram has turned positive again. Momentum has also strengthened as short-term moving averages cross above longer-term averages..
Additional confirmation of the increase in demand is given by the volume that expands with the price increase. The price hike has not resulted from a very limited supply. Instead, it has unfolded alongside sustained trading activity.
Though volatility is still a feature of the crypto market, the structure and continuity of XRP’s recovery have been evident. Unlike short-lived rebounds, this advance has formed through successive higher highs and higher lows. This pattern provides technical validation for the price advance.
Read more: XRP Price Prediction
Conclusion
XRP’s 38% recovery since the Feb. 6 crash sets it apart from Bitcoin and Ether. The decline in Binance exchange reserves signals accumulation, while technical indicators confirm strengthening momentum on XRP/USDT charts. The alignment between exchange data and the price structure reinforces the rally’s credibility. As the broader crypto market stabilizes, XRP’s performance highlights how supply dynamics and investor positioning can drive outperformance during recovery phases. Market participants will now watch whether XRP can maintain strength above $1.50 as broader crypto volatility persists.
