Is the XRP whale on the move? Exchange reserves plummeted by $1.32 billion in a month! 🚨

Data shows that XRP exchange reserves astonishingly decreased by $1.32 billion in one month, while the price fell below the key 50-day and 200-day moving averages (around $2). This indicates that a large amount of XRP is being withdrawn from trading platforms, tightening liquidity.

What does this mean for traders? Large withdrawals are often seen as a bullish signal—whales may be transferring tokens to private wallets for long-term holding rather than preparing to sell. However, the price breaking below key moving averages also indicates a fragile market structure, with unclear short-term trends.

💡 Key Insight: This is a showdown between 'supply shock' and 'technical weakness'. The plummet in reserves sets the stage for a potential future surge, but the market may continue to oscillate until the price stabilizes above key moving averages. Keep a close eye on whether it can reclaim the $2 mark.

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