Investors scooping up the recent sell-off push XRP past Bitcoin and Ethereum.

XRP is leading the latest rebound in digital assets, outperforming both Bitcoin and Ethereum as investors step in to buy the recent dip.

The payments-oriented token has surged about 38% to roughly $1.55 since carving out a low on Feb. 6, according to data from CoinDesk. In the past 24 hours alone, XRP has added more than 5%.

By contrast, bitcoin and ether have rebounded around 15% over the same period. The two largest cryptocurrencies were recently trading near $69,420 and $2,020, respectively.

XRP’s stronger performance aligns with signs of accumulation on Binance following the early-month sell-off. Figures from CryptoQuant show that Binance’s XRP reserves declined by 192.37 million tokens to 2.553 billion between Feb. 7 and 9. The roughly 7% drop pushed balances to their lowest level since January 2024, with reserves remaining steady afterward.

Market participants often view falling exchange balances as evidence of investor accumulation, as coins moved off exchanges are typically intended for longer-term holding. A sharp reduction in readily tradable supply can help support prices by limiting selling pressure.

A similar dynamic played out late last year. In the final two months of 2024, XRP rallied from about $0.60 to above $2.40 as exchange-held balances declined more rapidly, reinforcing the connection between supply contraction and price strength.