XRP exchange withdrawals hit multi-year high as selling pressure fades

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XRP withdrawals from exchanges reached their highest level since February 2021, while exchange inflows dropped to an all-time low. XRP was trading just above the psychological $1 level, down 2% in 24 hours. On July 30, spot ETF inflows reached nearly $6 million, signaling renewed investor conviction. The Estimated Leverage Ratio has declined, indicating market deleveraging that could support a consolidation phase and healthier conditions for XRP.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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