xrpwithdrawal

XRP Supply Shock: Coins Flood Out of Exchanges 💻

XRP crypto is trading at $1.34, with on-chain data indicating a significant supply shock as coins leave exchanges. The scarcity indicator for XRP on Binance has hit 0.59, its highest reading since 2024, with approximately $738 million worth of XRP withdrawn from major platforms on March 10 alone.

Key Details:
- Exchange Outflows: 7.03 billion XRP exited centralized exchanges in February, with Binance accounting for 3.38 billion
- Whale Accumulation: Whale wallets accumulated 40 million XRP in March
- ETF Outflows: US-listed XRP spot ETFs recorded $30.12 million in net outflows, with global XRP fund outflows at $130 million
- Price Resistance: XRP is pressing against the $1.40 resistance zone, with $1.27-$1.30 as the next support cluster

The market is experiencing a tug-of-war between strong accumulation and lingering sell pressure, with the $1.27 level being crucial for the accumulation story to stay intact.

#XRPSupplyShock #XRPWithdrawal #CryptoMarketTugOfWar
#XRPPriceAction

$XRP