BEARISH 55 BeInCrypto 4H ago · 3 min read 1 read

Where Are the XRP Bulls? Price Drops to $1.21 Despite a $540 Million Binance Outflow

AI summary

About $540 million worth of XRP left Binance in a single day this week, a large exchange outflow that would normally suggest accumulation. Instead, XRP fell 7.66% over the past 24 hours to $1.21, showing buyers have not stepped in despite coins moving off exchanges. Traders will watch whether the outflow was genuine accumulation or holders repositioning, and whether US spot XRP ETF flows provide any offset.

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