$XRP WITHDRAWAL RATE JUST HIT A 5-YEAR HIGH — ARE SELLERS FINALLY DONE? 🦈💥
XRP just sent out a mixed cocktail of on-chain signals. Deposits into top-tier exchange hit a record-low 3.6M XRP, while withdrawals account for 55.6% of activity — the highest since February 2021. Across all CEXs, withdrawals hit 54%, pushing exchange deposits down to 44.3%. 🦈📊
But stay sharp — these metrics measure transactions, not volume, and can't single-handedly confirm accumulation. August has historically been XRP's coldest month, averaging just +0.43% and closing negative four straight years. ETF flows added $19.6M in July, yet 11 days printed zero inflows. 📌
XRP sits at a crossroads: one signal whispers 'sell pressure easing', the other hums 'seasonal gravity'. Which force wins? 💬 Do you trust the withdrawal wave or wait for August to clear? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #XRP #OnChain #Crypto #Altcoins #XRPNews
🦈 📊
XRP just sent out a mixed cocktail of on-chain signals. Deposits into top-tier exchange hit a record-low 3.6M XRP, while withdrawals account for 55.6% of activity — the highest since February 2021. Across all CEXs, withdrawals hit 54%, pushing exchange deposits down to 44.3%. 🦈📊
But stay sharp — these metrics measure transactions, not volume, and can't single-handedly confirm accumulation. August has historically been XRP's coldest month, averaging just +0.43% and closing negative four straight years. ETF flows added $19.6M in July, yet 11 days printed zero inflows. 📌
XRP sits at a crossroads: one signal whispers 'sell pressure easing', the other hums 'seasonal gravity'. Which force wins? 💬 Do you trust the withdrawal wave or wait for August to clear? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #XRP #OnChain #Crypto #Altcoins #XRPNews
🦈 📊