⚠️ 1.669 BILLION XRP flows into Binance: A warning sign for the market?
CryptoQuant data shows that whale inflows of XRP to Binance have reached their highest level in 7 months.
📉 XRP fell about 5% in 24 hours, trading around $1.31 on Oct. 15.
But the picture isn't entirely negative:
🔹 An increase in XRP on exchanges could create additional selling pressure, but it doesn't prove that whales will definitely sell.
🔹 U.S. spot XRP ETFs have reportedly recorded net inflows of $1.8 billion for 13 consecutive weeks.
🔹 Recent ETF inflows were only around $740,000 on Oct. 14 — it remains to be seen whether demand is weakening.
🎯 Are whales preparing to sell off, or is the market simply seeing liquidity shift?
#XRP
CryptoQuant data shows that whale inflows of XRP to Binance have reached their highest level in 7 months.
📉 XRP fell about 5% in 24 hours, trading around $1.31 on Oct. 15.
But the picture isn't entirely negative:
🔹 An increase in XRP on exchanges could create additional selling pressure, but it doesn't prove that whales will definitely sell.
🔹 U.S. spot XRP ETFs have reportedly recorded net inflows of $1.8 billion for 13 consecutive weeks.
🔹 Recent ETF inflows were only around $740,000 on Oct. 14 — it remains to be seen whether demand is weakening.
🎯 Are whales preparing to sell off, or is the market simply seeing liquidity shift?
#XRP