Ripple (XRP) investors on the lookout: $220 million exit!

While the cryptocurrency market is experiencing an earthquake, large outflows from#Ripple($XRP ) have caused concern.

Despite the decline in the cryptocurrency market, Ripple Labs’ native token XRP has managed to hold onto its critical support level. The $2.20 range plays an important role for XRP. In addition, Ripple’s $220 million exit from crypto exchanges has confused investors.

According to Coinglass, traders and long-term investors bought millions of dollars worth of XRP tokens during the price drop. XRP spot market entry/exit data shows that 220 million tokens left exchanges.

This exit offers a positive outlook for Ripple despite the price drop. Investors with long-term investments continue to increase their savings, maintaining faith in the popular altcoin.

In the world of cryptocurrency, the term “exit” refers to the transfer of assets from exchanges to the wallets of long-term investors. Outbursts usually indicate bullish growth and an ideal buying opportunity.

Ripple, which managed to hold $2.20 despite the sharp declines $BTC and $ETH , is giving positive signals. Based on the recent price movements, it seems that the main coin is currently in an uptrend. Especially with the recovery of ETH, Ripple could see some serious gains.

If#XRPcan hold the $2.20 level, the price could rise by 13 percent and reach $2.50 in the short/medium term. On the other hand, if it breaks below this support level and closes below $2.20, a correction to $2 is possible.

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