TLDR
- XRP experienced a decline exceeding 4% over 24 hours, settling near $1.37 amid global geopolitical uncertainty affecting crypto assets
- Approximately 472 million XRP tokens (valued at ~$652 million) entered Binance during the past week, representing February’s highest inflow volume
- Iranian official Ali Larijani rejected claims of diplomatic engagement with Washington, intensifying market uncertainty
- Technical analysis reveals a bear pennant formation on daily charts, suggesting a possible 35% decline toward $0.86
- Critical resistance levels emerge at $1.40–$1.42 range; breaking below $1.30 could trigger intensified downward momentum
XRP experienced a decline surpassing 4% during Monday’s 24-hour trading session, hovering around $1.37 as escalating geopolitical friction involving the US, Israel, and Iran created widespread volatility in risk-oriented assets.
Weekend reports indicating a coordinated US-Israel military operation targeting Iran sparked significant liquidations throughout cryptocurrency markets. The incident’s occurrence immediately following traditional market closures magnified the market response.
Ali Larijani, Iran’s national security chief, subsequently dismissed reports suggesting diplomatic overtures to Washington via Omani intermediaries, declaring Tehran “will not negotiate with the United States.” This declaration injected additional market volatility.
Precious metals like gold experienced significant gains as investors shifted toward protective assets, while digital currencies declined in tandem with other speculative investments.
Blockchain analytics from CryptoQuant revealed that over 472 million XRP tokens, representing approximately $652 million in value, transferred to Binance throughout the previous week. Crypto analyst Darkfost identified this as the “largest inflow period of the month of February.”
This week, the crypto market was marked by rising geopolitical tensions between the United States, Israel, and Iran.
The situation escalated further over the weekend, when the first strikes were launched shortly… pic.twitter.com/Wkr2fqtqPz
— Darkfost (@Darkfost_Coc) March 1, 2026
Exchange deposits don’t necessarily indicate imminent selling pressure. Token movements onto trading platforms may also represent strategic liquidity adjustments, collateral positioning, or risk management strategies during periods of heightened volatility.
Nevertheless, Darkfost observed that substantial inflows “often signal a potential willingness to sell or at least to position liquidity closer to the market.”
Binance’s XRP holdings had experienced continuous reduction since October 2025. The recent week’s deposit activity represents a minor shift from that ongoing pattern.
Technical Picture
Chart analysis reveals XRP developing a bear pennant configuration on the daily timeframe. This technical formation generally appears following significant price drops and typically resolves continuing the established downtrend.
XRP has been trading within a contracting range characterized by descending peaks testing support around the $1.30–$1.35 zone. Current pricing remains beneath both the 50-day SMA (approximately $1.63) and the 200-day SMA (approximately $2.26).
Should XRP pierce through the pennant’s lower trendline, the projected price target based on measured-move calculations indicates approximately $0.86 — representing roughly a 35% reduction from present levels.
Significant overhead resistance appears at $1.4080, corresponding to the 61.8% Fibonacci retracement level calculated from the $1.4936 peak to the $1.2702 low. A sustained close beyond this threshold could enable movement toward $1.42 followed by $1.44.
On-Chain Signals
Glassnode’s MVRV Extreme Deviation Bands indicate XRP gradually approaching its average cost-basis territory. Should downward pressure persist, the subsequent critical support zone appears at the -$0.5σ band positioned near $1.00.
This establishes $1.00 as an initial major downside objective, with $0.86 becoming relevant if technical confirmation of the bear pennant breakdown materializes.
As of the latest data, XRP was changing hands at $1.37 while exchange inventories showed modest increases following the week’s substantial deposit activity.
The post XRP Slides 4% as $652M Flows to Binance Amid Geopolitical Turmoil appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-slides-4-as-652m-flows-to-binance-amid-geopolitical-turmoil/