XRP Sees Bullish Exchange Shift Ahead of Fed Decision: Is a Recovery Taking Shape?
Photo: Coinpedia
XRP withdrawal transactions reached 55.75% on Binance and 54.85% across centralized exchanges, approaching their August highs. Binance's whale-versus-retail spread climbed to 49.5%, compared with 29.7% across centralized exchanges, highlighting a stronger relative concentration of whale-related activity. The Federal Reserve's October 28 policy decision could influence XRP's next move as traders look for signs of improving market momentum. XRP is showing potentially bullish signals in exchange activity ahead of the Federal Reserve’s October 28 interest-rate decision. Withdrawal transactions are approaching their August highs, while deposit shares are nearing previous lows, indicating that withdrawals account for a growing proportion of exchange transactions.
Source: Coinpedia
