The crypto market has remained under pressure in recent weeks as global economic uncertainty and limited liquidity continue to affect digital assets, including Ripple’s XRP.
Despite this challenging backdrop, several altcoins are beginning to show signs of stability, suggesting that some capital remains active in the sector.
Expert Darkfost also mentioned on March 11 that, according to Total3, which monitors the market capitalization of altcoins excluding Ethereum, this figure has remained in the range of $640 billion to $740 billion.
This group is up 11% since early February, indicating that investors are still interested in altcoins. XRP is also being noticed after unusual withdrawals were observed from Binance, suggesting that investors might be withdrawing their funds to their private wallets.
As Darkfost has indicated, there were some significant spikes in XRP withdrawals from Binance in the last week. For example, on March 6, there were more than 14,000 tokens withdrawal transactions, which is one of the biggest spikes in recent days.
A significant spike in withdrawals usually means investors are moving their assets to hold for the long term and are not planning to sell. When investors withdraw their tokens from exchanges, it means there are fewer tokens for sale in the near term.
Meanwhile, interest in the token from institutions appears to be growing in the form of investment vehicles for the cryptocurrency. XRP-based exchange-traded funds have managed to raise over $1.4 billion in total so far.
Some of the institutions that hold the token include Goldman Sachs, which allegedly has over 83 million XRP units in its possession. The inclusion of a large financial institution like Goldman Sachs indicates a growing interest in XRP from traditional financial market participants.
Also Read: XRP Tests Key Support as 11% Triangle Pattern Signals Volatility Ahead
However, the management at Ripple has been talking about the long-term plan. On the 10th of March, the company’s CEO, Brad Garlinghouse, talked about the long-term plan as he returned from a week-long trip around the world with the company’s President, Monica Long.
In the trip, they visited the company’s teams and partners in Dublin, London, Singapore, and Sydney. In the trip, there were staff from several companies that the company has acquired in the last couple of years, including GTreasury, Hidden Road, Rail, Palisade, and Solvexia.
Garlinghouse emphasized how financial activities continue to move away from traditional business centers in the US. He emphasized the importance of understanding markets in regions and supporting teams around the world.
In the talks, leaders of Ripple discussed their internal goals, which included reducing bureaucracy, improving company culture, and using AI tools to improve productivity.
Garlinghouse stated that AI is becoming more and more part of our products, particularly when it comes to real-time liquidity management and financial forecasting for corporate finance teams. Looking ahead, Ripple is expecting that 2026 is going to be a big year in terms of its global strategy.
Also Read: Ripple Unlocks Next-Gen Stablecoin Payments for Banks and Fintechs
