XRP Exchange Outflows Hit $213 Million
Amid the ongoing price decline, spot XRP inflow and outflow data reveals that exchanges witnessed a significant outflow of $213 million worth of XRP. This notable outflow occurred in the past 48 hours, coinciding with the selling pressure faced by XRP and the broader cryptocurrency market.
XRP technical analysis and next levels.
Along with this positive market sentiment, XRP appears to be retesting its recent breakout at the $2 level and experiencing a price reversal, indicating potential bullish momentum in the coming days. Based on the recent price action, there is a strong possibility that the altcoin could surge by at least 30% to reach the $2.90 level in the near future.
On a positive note, XRP’s Relative Strength Index (RSI) is currently at 62, indicating that the asset is not in overbought territory. This suggests that XRP has enough room to move significantly higher in the coming days.
Current Price Momentum
At the time of publication, XRP is trading near $2.25 and has seen a 2.5% price drop in the past 24 hours. Despite this, the asset has shown significant recovery in the same period. Furthermore, its trading volume has increased by 108%, indicating increased participation from traders and investors compared to previous days.$XRP
