XRP Drops 9% Despite 100 Million Tokens Pulled From Exchanges
- —XRP lost 9% as 100 million tokens left exchange wallets
- —Exchange outflows usually ease selling pressure but failed to hold the price
- —The drop coincided with a broader crypto pullback and altcoin weakness
Why it matters: The exchange outflow failed to act as a bullish signal, pointing to weak demand and further downside risk for XRP.
Source: Google News (crypto query)