XRP Exchange Outflows Top 320M Tokens, Echoing August Rally Setup
- —Daily XRP exchange outflows exceeded 320 million tokens
- —A similar August spike preceded a 42% XRP rally
- —Binance XRP reserves fell 57 million (2.1%) in three days to 2.647 billion
- —Binance XRP open interest dropped 15.3% to $521.5 million
Why it matters: Shrinking exchange supply could ease selling pressure on XRP, though October has historically been a weak month for the token.
Source: CryptoPotato