XRP Sees Record Outflows on Major Exchanges as Futures Market Turns Bearish

Binance, Upbit, and Coinbase have seen significant outflows of XRP, with investors withdrawing $32.32 million, $23.94 million, and $8.12 million respectively over the past week.

This trend is in contrast to the bearish pressure on the market, with XRP trading at $1.0054, down 72% from its all-time high of $3.66.

The outflows could reduce the amount of XRP available for immediate selling and ease some of the selling pressure.