Darkfost2026-03-10

Rising XRP withdrawals while ETF flows surpass $1.4B

Despite a period of uncertainty that has been quite detrimental to the cryptocurrency market, altcoins are starting to show some early signs of resilience. Total3, which represents the market capitalization of altcoins excluding Ethereum, is currently consolidating within a range between $640B and $740B, with a performance of around +11% since the beginning of February. This suggests that, despite a complicated macroeconomic environment and still limited market liquidity, a portion of capital remains positioned in altcoins. However, with liquidity still constrained and the number of altcoins continuously increasing, asset selection is becoming increasingly important. At the moment, a few positive signals are emerging around XRP. The number of XRP withdrawal transactions on Binance has shown several sudden spikes in recent days, including more than 14,000 transactions on March 6. This type of movement may indicate that some investors are accumulating and then choosing to transfer their tokens to private wallets rather than keeping them on the exchange. This dynamic also occurs in a context of growing interest around XRP ETFs, which have already accumulated more than $1.4B in cumulative inflows. Among the players with exposure, Goldman Sachs is reportedly holding more than 83 million XRP, illustrating the gradual attention that some institutional actors are beginning to give to this asset. If this trend continues, XRP could keep attracting a portion of the available liquidity within the altcoin market, in an environment where capital remains selective and tends to concentrate on a limited number of assets.