#XRPExchangeFlows 🐸
$XRP just sent more "Binance deposit requests" than "withdrawal requests".
Not a sell-off signal yet...
But it’s also not the kind of data that lets the bulls sleep easy. 👀
According to the latest on-chain data on Binance:
📥 Inflow: 264K XRP (~290K USD)
📤 Outflow: 215K XRP (~236K USD)
That means the amount of XRP sent to the exchange is higher than the amount being withdrawn.
What’s even more notable is that Outflow is currently at a fairly low level. In previous periods when XRP surged, Binance recorded sessions withdrawing tens of millions of XRP from the exchange. Right now it’s only around 215K XRP, suggesting the sell-pressure signal from withdrawal activity is still quite weak.
This doesn’t necessarily mean XRP is about to drop, but it’s also not strong enough for buyers to confidently shout "to the moon". If the Inflow > Outflow condition keeps lasting, the amount of XRP available for trading on the exchange could rise and add more supply pressure.
Meanwhile, XRP price is still hovering around the lowest level seen in many months after a sharp correction from a peak near $3.3.
📊 In summary: The current data slightly leans neutral to mildly bearish, but more sessions need to be watched to confirm the trend.
⚠️ Data only — Not financial advice.
#XRP #OnChain #Binance