XRP Whale Outflows From Binance Hit 1.38B Coins, a Seven-Month High
- —30-day XRP outflows from Binance reached 1.38 billion coins, a seven-month high
- —XRP dropped 2.3% to $1.47 amid broad long liquidations across crypto
- —XRP open interest rose to 2.37 billion coins from 2.32 billion on October 4
- —XRP long/short ratio fell to 0.92, signaling more short accounts than longs
Why it matters: Rising exchange outflows suggest whales are holding, but growing shorts and an RSI of 38 keep the risk of a break below $1.43 support alive.
Source: CoinGape