I spent quite a while discussing this with friends in the group: Binance XRP outflows hit 226 million tokens, reaching a 2022 high.
The impact of bearish news often comes quickly and fades just as quickly; the key is to watch for any new bad news.
I saw this while eating just now, and the first thing I thought of was my position.
$XRP is currently at 1.2514 (24h -0.11%).