XRP Sees Massive Exchange Outflows: Is a 30% Surge Coming?
Forget the hype for a sec. Millions of XRP tokens are disappearing from exchanges, and for old hands like me, that's a signal. The question is, what kind of signal?
⚡ Key Takeaways
- Nearly 35 million XRP tokens were withdrawn from exchanges in 24 hours, the sixth-largest outflow of the year. 𝕏
- Historically, large XRP exchange outflows have preceded price rallies. 𝕏
- Spot XRP ETFs have seen consistent net inflows totaling $82.88 million over three weeks. 𝕏
- XRP whale flows have turned positive, indicating accumulation by larger wallets. 𝕏
- Technical analysis suggests XRP could rise 30% towards $1.87–$1.89 if it stays within its falling wedge pattern. 𝕏
Worth sharing?
Get the best Fintech stories of the week in your inbox — no noise, no spam.
Originally reported by Cointelegraph