Analyst Flags 231M XRP Exit From Binance Amid Conflicting Signals
TL;DR
- An analyst linked to CryptoQuant flagged the withdrawal of 231 million XRP from Binance in a single day, valued between $330 and $335 million.
- Over the past 30 days, some whales sent nearly 1.45 billion XRP to Binance, while seven spot ETFs in the U.S. accumulated $1.55 billion in net inflows.
- The token’s price oscillates between $1.40 and $1.45 after a 50% rally, with key support at $1.33 and resistance in the $1.50 to $1.55 zone.
The XRP market is experiencing unusual tension between two forces that, under normal circumstances, do not operate simultaneously: selling pressure from large holders and steady institutional accumulation through regulated products.
Analyst Darkfost, linked to the CryptoQuant platform, detected the withdrawal of 231 million XRP from Binance in a single trading session this week, equivalent to between $330 and $335 million at the time the transaction was executed. According to the report, this is the largest individual movement recorded in the past six months.
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