XRP exchange outflows surge as whales accumulate, eyes on $1.60 breakout

XRP is attracting significant attention this week following a surge in exchange outflows and rising activity among large holders. These trends are unfolding as the cryptocurrency’s price forms an inverse head-and-shoulders pattern, often regarded as a bullish reversal setup, although a confirmed breakout still remains elusive. At approximately 01:00 UTC, exchanges saw nearly 13.24 million XRP withdrawn. Such outflows typically signal reduced selling pressure by taking tokens out of the immediate market supply. While a decreased exchange balance can be a precursor to upward price moves if demand increases, on its own it does not guarantee new highs.

Source: CoinTurk News