Whale inflows of XRP to Binance, which account for over 60% of total inflows, have been decreasing from a peak of above 70% in late 2023. This decline in whale activity suggests a reduction in strong selling pressure that previously aligned with XRP's price correction from $3.20 to around $2.26. While the easing sell pressure is a positive signal, a sudden increase in whale inflows could indicate potential market reversal risks.
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Analysis Indicates Easing XRP Sell Pressure as Whale Inflows to Binance Decline
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