XRP Whale Flows Point to Potential Correction
Large XRP holders have been increasingly moving funds to exchanges, signaling potential selling pressure. According to CryptoQuant, the 30-day moving average of XRP inflows to exchanges surged to 260 million from 141 million in early July. This uptick suggests that the price might face downward pressure as the largest holders may start liquidating their assets. Historically, such whale movements have impacted market dynamics; for example, a similar spike in whale flows preceded a price drop to $3 after XRP hit an all-time high of $3.65 in July. Recent whale activities indicate a significant influence on XRP's price movements, and further monitoring is essential as these trends may foreshadow future market conditions.
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