XRP Wallet Activity Turns Withdrawal-Heavy Across Exchanges: What It Means for Price?

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XRP wallet activity has become heavily withdrawal-oriented across major exchanges. Coinbase recorded a seven-day net wallet count of -14,300, accounting for 47.3% of the total imbalance, while Binance showed -3,270 and Crypto.com -2,680. This trend, which began on July 18 on Coinbase before spreading to other platforms, suggests a coordinated outflow of funds. XRP has dropped back below the one-dollar threshold, with declines of 7% over two weeks, 9% over 30 days, and more than 66% over the past year. Analysts forecast a potential additional decline of 20% to 40% toward an accumulation zone between $0.65 and $0.85, though others anticipate a potential breakout toward $8, $13, or $27 if the ascending support holds.

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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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