Where Are the XRP Bulls? Price Drops to $1.21 Despite a $540 Million Binance Outflow
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XRP fell 7.66% in 24 hours to $1.21 even as roughly $540 million worth of the token exited Binance in a single day, signaling that exchange outflows are not translating into buying pressure. The divergence suggests holders are moving coins off-exchange without deploying fresh capital, leaving bulls sidelined despite the large withdrawal. U.S. spot XRP exchange-traded funds are also part of the backdrop as investors watch whether institutional inflows can offset the spot market weakness. Traders will be watching whether the $1.21 level holds and whether ETF demand or renewed spot buying absorbs the supply leaving Binance.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
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XRP (XRP), Binance, BeInCrypto
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