XRP Exchange Supply Hits Four-Year High as Whales Buy

CryptoQuant’s Binance Scarcity Index climbed to approximately 2.1, its highest reading since 2022, indicating reduced XRP availability on the exchange. Whale holdings increased by 60 million XRP in a week, while exchange outflows reached 13.24 million XRP and social sentiment fell to its lowest level since July. XRP faces conflicting outlooks: a breakout above $1.60 could target $2.10, while bearish traders anticipate $0.99, with $1.36 marking one prediction’s invalidation level. XRP exchange supply has tightened as Binance's scarcity index reaches its highest level since 2022.

Source: Crypto Front News