Here’s why XRP’s price recovery faces threat from surge in whale inflows

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XRP fell from $1.65 to $1.29 amid persistent selling pressure, including from whales. Net inflows into XRP ETFs reached $14.52 million in October, but were insufficient to offset the token’s 13.4% monthly decline. XRP rebounded from the $1.25 demand zone in mid-September before retreating to the $1.25-$1.31 area, while the share of exchange transactions involving more than one million XRP fell from 60% to 38.6%. Whale inflows to Binance averaged $112.4 million per month, compared with $72 million in August, with daily spikes reaching $400 million, indicating increased selling pressure from large holders.

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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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