XRP whale inflows to Binance hit a 6-month high showing increased market activity.
XRP price briefly dipped below $2 with volatility linked to rising inflows and outflows.
Technical indicators show bearish trends with a breakout above $2.50 signaling bullish momentum.
XRP whales are moving large amounts of XRP to Binance, according to CryptoQuant. This surge in exchange flow to Binance marks a six-month high in XRP deposits.
Exchange Flow (Whales) to Binance hit a 6-month high
“Over the past 30 days, more than 2.66 billion $XRP tokens have been moved to the exchange. This is the highest amount of #XRP deposited by large holders since April 2024” – By @JA_Maartun
Link 
https://t.co/sLtCfbdv1n pic.twitter.com/VXDnUv9oTZ
— CryptoQuant.com (@cryptoquant_com) December 10, 2024
This coincides with XRP’s price falling below $2. Over the past 30 days, XRP whales have moved over 2.66 billion XRP tokens to Binance. This is the highest inflow since April 2024 and surpasses the previous record of 2.8 billion XRP.
Whereas, whales had moved 2.4 billion XRP tokens to the platform in late 2022. As tracked by CryptoQuant, these inflows sug…
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