Is it time to sell XRP? $444 million in inflows to exchanges

The post Is it time to sell XRP? $444 million in inflows to exchanges first appeared on Coinpedia Fintech News

Ripple's native token, XRP, is making waves in the cryptocurrency landscape thanks to its impressive performance. With a significant price increase of over 420% in the last 30 days, XRP has outperformed major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and others.

XRP surpassed SOL, BNB, and USDT

Moreover, the altcoin has surpassed SOL, BNB, and USDT, becoming the third-largest cryptocurrency in the world by market capitalization.

Source: Coinmarketcap

However, current data suggests a negative outlook for XRP, indicating a possible price correction or a potential decline in the coming days.

$445M XRP Inflows, What Does It Mean for the Investor?

Data from on-chain analytics firm Coinglass indicates that whales seem to be unwinding their holdings as prices continue to rise. According to Coinglass's XRP inflow/outflow data, exchanges have witnessed significant inflows of $444.39 million in the last four days.