Ripple XRP Price: Whales Go Quiet While 6 Billion Tokens Hit Exchanges

TLDR XRP trades below $1.30 and is down about 12.5% since October 1. Large investor outflows from Binance hit a five-year low, per analyst Darkfost. Exchanges took in 6.05 billion XRP over 30 days, the most in seven months. US spot XRP ETFs saw a $1.84 million net outflow, ending a 13-week inflow streak. XRP sits below its 100-day, 50-day and 200-day EMAs, with RSI at 35. XRP price is trading below $1.30 on Tuesday, extending a weak October for the token. The asset fell 4.81% last week and has dropped about 12.5% since October 1, according to CryptoRank data.

Also reported by Cointribune.

Source: CoinCentral