$650 million worth of XRP coins recently made their move to the Binance crypto exchange amid escalating geopolitical tensions in the Middle East, involving Iran, Israel, and the United States. Following the first strike after trading hours on February 28, the crypto market reacted immediately, with a slight decline recorded among large-cap digital assets.
XRP floods Binance; sell-off ahead?
Following the rising hostilities between Iran and Israel, the digital asset market has taken a major beating. The total crypto market cap is down from $2.42 trillion on February 26 to $2.34 trillion at the time of writing.
Meanwhile, $650 million worth of XRP inflows reached Binance, a leading crypto platform by reported trading volume. Over the past week alone, the exchange received more than 472 million XRP, worth approximately $652 million.
Typically, such large inflows to crypto exchanges indicate the willingness to either sell the holdings, or move them closer to the market to liquidate quickly. Given the geopolitical upheaval in the Middle East, it won’t be far-fetched to see XRP sell-offs increase in the short term.
Meanwhile, XRP appears to be on a long-stretched downtrend since at least July 2025. Over the past seven months, the cryptocurrency has fallen from $3.66 to $1.35, representing a decline of about 63.5%.
The following chart shows how XRP has been making successive higher lows before slumping to lower lows. However, it seems to have established a firm support around the $1.3 area and may see a reversal if the geopolitical climate improves.
XRP could turn bullish soon
As an increasing volume of XRP coins continues to enter leading crypto exchanges, it has made the bulls worried about further downward pressure on the digital asset. Recently, the Binance 30-day average flow of XRP rose to 2.5 billion.
Some analysts predict that the sell-off in XRP markets is likely to end soon. For instance, the Binance CVD for XRP recently turned negative, raising the likelihood that the cryptocurrency may soon begin new bullish momentum.
