XRP Outflows Soar Above 320M, Hinting at Potential Price Bump
The daily outflow of XRP from exchanges for transactions over 1 million tokens has surged above 320 million, according to CryptoQuant data.
This spike in large exchange/CEX withdrawals is reminiscent of a similar jump in August that preceded a more than 42% price rally for XRP.
Xaif Crypto notes that the current situation bears similarities to this previous event.