XRP: Accumulation trends are rising, but can they offset slow adoption?
Network adoption was still slow, and the average XRP investor was facing a drawdown, capping recovery potential.
Since the early February market crash, Ripple [XRP] token prices have stayed within a range between $1.30 and $1.50 for the most part. This could be a sign of resilience from the altcoin, especially combined with accumulation from mid-sized investors.
Crypto analyst Darkfost showed that the consolidation phase since February was accompanied by increased outflow transactions on Binance. In March, several daily spikes of increased Outflow Transaction Counts were visible.
It was primarily the 1k-100k XRP holding cohort that was responsible for these outflows. Token outflows from exchanges are generally considered a positive signal as they show accumulation by holders.
The Active Address momentum measures the extent of healthy network adoption. An increase in daily active users, more transactions, and new addresses onchain would be indicative of greater adoption and, therefore, of demand.
For your context, these metrics can vary day-to-day, so their monthly and yearly averages can identify adoption trends. Speaking of which, since August 2025, the monthly average of new addresses has been below the yearly average.
This was likely a result of bear market conditions and pessimistic sentiment, which slowed down capital inflows and adoption. AMBCrypto had reported that weak institutional demand also pointed toward limited upside.
The accumulation trends from Exchange Outflows can yield an XRP price bounce, but might not be enough to reignite a bullish long-term trend.
XRP is trading at a discount once again?
The MVRV Pricing Bands showed that the Realized Price of XRP was at $1.44. The price was at $1.32 at press time, which meant that it was technically undervalued.
So, the average holder was facing an unrealized loss.
This has been the case since the February correction. XRP has been consolidating around its realized price and has lacked the momentum to trend in either direction.
The next pricing band at $1.15 was likely to be the next support zone for XRP if the $1.3 support is lost. It should be noted that the price descended significantly below the lows of the pricing bands in the previous bear cycle.
Final Summary
- Exchange outflow transactions on Binance suggested mid-sized XRP holders were accumulating.
- Network adoption was still slow, and the average XRP investor was facing a drawdown, capping recovery potential.
