XRP Whales Are Making a Bigger Mark on Binance as Outflow Gap Nears August Levels

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XRP whale activity on Binance is intensifying compared to the rest of the market. Between October 7 and 13, the seven-day average spread between whale and retail outflows rose from 53% to 63.5%, an increase 6.2 times larger than that observed across all centralized exchanges. This 15.8-point gap now approaches the 18 points recorded on August 3, when XRP traded near $1.07 before climbing 46% to $1.56. Currently hovering around $1.38, XRP faces major resistance in the $2.15-$2.20 range, while US-listed XRP ETFs have recorded three consecutive days of zero net flows with total monthly inflows just above $12 million.

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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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