While XRP has seen short-term weakness, on-chain data suggests a more optimistic underlying trend. Exchange outflows—particularly from Binance—have increased significantly, indicating that investors are moving tokens into self-custody for longer-term holding.

This accumulation pattern, largely driven by mid-sized investors, reduces available sell-side liquidity and is often viewed as a bullish signal. Combined with XRP’s historically strong April performance, the market is now watching closely to see if these factors can trigger a breakout in the coming weeks.