Geopolitical tensions triggered a massive 472 million XRP ($652 million) inflow to Binance, marking its largest exchange influx of February. The movement suggests potential selling pressure, as XRP price volatility followed strikes by the U.S. and Israel on Iran. The asset dropped to $1.27 before rebounding, while XRP ETF inflows have slowed significantly.
A substantial 472 million XRP, valued at approximately $652 million, flowed into the Binance exchange last week. This marked the largest exchange inflow period for the asset in February.
Data shows the largest daily spikes occurred in late February, shortly after the U.S. and Israel launched strikes against Iran. These actions led to the death of Iranian Supreme Leader Ayatollah Ali Khamenei.
CryptoQuant contributor Darkfost stated that timing amplified uncertainty across risk assets. Darkfost noted that flows of this size can create conditions for a sudden wave of selling pressure.
XRP experienced intense volatility on Saturday, dropping from $1.43 to $1.27 before rebounding. The price later recovered to near its starting point as traders digested the geopolitical news.
The $1.30 level provided support during Saturday’s sell-off. At the time of writing, the Ripple token was trading around $1.35.
Meanwhile, futures market data shows $5.37 million in XRP liquidations over 24 hours. Long positions accounted for $3.70 million of that total.
The large exchange inflows come as XRP ETFs see modest activity after an initial boom. Only $9.55 million entered the funds during the last full week of February.
The transfers do not confirm immediate selling, but amounts of this size can change the trading environment. The episode raises questions about a broader distribution phase or short-term panic tied to ongoing uncertainty.
