Large holders pulled roughly 442 million XRP—valued near $592 million—from Binance and Coinbase in two sessions on March 27 and March 30. The move came as XRP hovered around the $1.30 area and remained below key moving averages, with the broader setup still signaling weakness if current support breaks.

Ethereum is trading around $2,000, a level that appears supportive on price but may be masking weaker risk-reward conditions. A CryptoQuant report on Binance data shows ETH's Sharpe-like ratio near -0.0012 and a 30-day average return of -0.00039, suggesting risk is outweighing returns at this range.

XRP is hovering near $1.30–$1.35 and continues to defend the broader $1.30–$1.50 band after a longer downtrend from around $2.40. Since the end of February, Binance has seen a rise in XRP withdrawal activity, with multiple days above 4,000 outflow transactions and peaks nearing 6,000, largely in the 1,000–100,000 XRP bracket. The setup points to possible accumulation, while $1.50 remains key resistance and $1.25 is the level to watch for downside risk.

Binance has shifted from heavy stablecoin withdrawals to net inflows, with the latest reading at +$2.4 billion after lows of -$3.4 billion (Dec. 11) and -$6.7 billion (Feb. 15). The move comes as the total crypto market cap sits near $2.3 trillion, up 1.85% on the week, while still down 43% from the January 2026 peak. The change is viewed as an encouraging signal, but it may require persistence over the next sessions to confirm a trend.

XRP is trading around $1.35, while Binance-related on-chain data show fewer tokens available for immediate sale. According to an Arab Chain report, the Binance XRP scarcity indicator rose to 0.59, its highest reading since 2024, suggesting exchange supply is shrinking as coins move into private wallets. Separately, XRPUSDT has posted a 1.75% daily gain to $1.3510, but the broader downtrend described in the report remains intact.

XRP remains under selling pressure after weeks of trading below $1.50, while a less-watched risk-adjusted metric has shifted higher. Arab Chain data shows XRP's Sharpe Ratio has turned positive at 0.0267 alongside a 30-day average return of 0.00063, even as spot price trades around $1.3365. The setup highlights a divergence between improving risk-adjusted returns and a chart that is still testing key support levels.

Bitcoin and Ethereum have stayed in a tight range for more than 50 days, but derivatives positioning accelerated in the third week of March. On March 16, combined BTC and ETH perpetual-futures open interest rose to about $30 billion, the highest level since late January. The move included BTC open interest at $23 billion and ETH nearing $16 billion, alongside a weekly surge concentrated on Binance.

An unmarked wallet executed a single $106.98 million ETH purchase recorded this week, standing out as Ethereum consolidates after weeks of selling pressure. Arkham Intelligence said the transaction's buying behavior resembles prior accumulation patterns linked to Bitmine, while noting the address identity is not confirmed. ETH was shown trading at $2,075 on the weekly timeframe, up 1.03% after opening at $2,053 and reaching $2,199 before pulling back.

Ethereum has been hovering around $2,150 as broader crypto volatility keeps momentum fragile, with traders watching whether demand can sustain a rebound. On-chain figures show Binance "Exchange Inflow (Top10)" at about 135,573 ETH, well below prior spikes above one million ETH, suggesting reduced whale deposits to exchanges. ETH also remains below key long-term moving averages, leaving the $2,100–$2,200 zone as a near-term pivot.