Daily XRP outflows from exchanges have spiked above 320 million tokens, a level not seen since August when the price of XRP rose more than 42%. Binance led the withdrawals, followed by Coinbase, Upbit, Bybit and Bitget, while Binance’s XRP reserves dropped by 57 million tokens, or 2.1%, in three days. Binance XRP open interest fell 15.3% to $521.5 million, and long liquidations averaged 2.6 times the six-month average. XRP was trading near $1.50, up 16% over 14 days but down 47% year-over-year, while spot XRP ETFs accumulated over $121 million in September flows, bringing the cumulative total to nearly $1.8 billion.
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