🚨 Binance XRP Exodus: Reserves Hit Multi-Month Low
On-chain data shows XRP reserves on Binance have dropped to multi-month lows, signaling a strong wave of exchange outflows.
🔍 What’s happening? • Holders are moving XRP off exchanges • Suggests long-term holding / accumulation • Available sell-side liquidity is shrinking
📉 Why it matters Lower exchange reserves often mean reduced selling pressure. If demand increases, price movements can become sharper and more volatile.
📊 Key takeaway This trend reflects growing confidence among XRP holders — but price action will still depend on overall market sentiment and demand. $XRP {spot}(XRPUSDT)
🔥$UNI Still Bearish but Exhaustion Building – Counter-Trend Long Idea
Price ~5.17 after -45% crash from 9.34. Now consolidating 4.85-5.20 zone with multiple long lower wicks → strong rejection of lower prices. Volume fading hard on recent drops (latest candle 25k vs prior 44M) = classic selling exhaustion.
Flows: Heavy 24H/7D outflows (-6.1M/-22.3M) but 12H turned positive (+3.7M). Short-term still weak but momentum slowing.
$UNI Setup long - Entry: 5.00-5.10 now or better 4.85-4.90 retest - SL: 4.75 (below swing low/Support) - TP1: 5.395 - TP2: 5.834
Counter-trend = higher risk. Bearish structure still in control, so tight stops mandatory. Break 4.75 and idea dead. #UNI #UNIUSDT #uniswap
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Selling volume still dominant (e.g. 322M at 1.3260 low), rallies on weak volume → clear selling pressure. Latest candle volume dropped sharply to just 134K, hinting at potential exhaustion.
Capital flows: Heavy futures outflows (-24M USDT, likely whales closing longs), spot milder (-3.36M USDT). Short-term inflows exist but not enough to flip the trend yet.
Short-term view: Cautiously bullish, eyeing a tactical bounce.
- Entry: Near 1.3260, best with reversal candle + volume confirmation - SL: 1.2850 - TP1: 1.4743 (~7% from support) - TP2: 1.5498 (~12%) on break higher