XRP Builds Bullish Case While Platform Flows Spike

XRP is drawing attention after a sharp rise in exchange outflows coincided with whale accumulation and a developing inverse head-and-shoulders pattern. The setup points to tighter supply, but a breakout still needs confirmation on the chart. Exchange Outflows Cut Available Supply Around 01:00 UTC, roughly 13.24 million XRP left exchanges. That kind of withdrawal reduces the amount of tokens sitting ready to sell. It does not guarantee higher prices on its own, but it shrinks the immediate supply that can hit the market if buyers appear. https://twitter.com/alicharts/status/2118297629750641085 Price has been consolidating near $1.30 while the outflow hit.

Source: DailyCoin