XRP Rebounds on Easing Selling Pressure
XRP has shown signs of rebounding despite recent corrections, and exchange inflow and outflow data may be pointing to easing selling pressure.
According to CryptoQuant, Binance's XRP holdings did not increase as much as expected despite large inflows into whale wallets. In fact, the exchange saw net outflows of about 102,912 XRP, indicating that some holders are choosing to move rather than sell during the recent price rebound.
Whale money flowing into exchanges jumped, with around 1.6 billion XRP moved from large wallets into Binance over the past 30 days. However, it is difficult to say whether this immediately led to large-scale selling, as Binance's weekly XRP reserves were only slightly above the quarterly baseline.
Market capitalization trends are also far from an extreme bearish signal, with fully diluted market value expanding during the rally and then falling back. The current trend suggests that buyers need to hold the $1.4860 support zone to maintain the current uptrend.