XRP exchange outflows spike above 320M tokens, matching August pattern that preceded a 42% rally.
Macro & Markets ·
Exchange withdrawals of XRP have exceeded 320 million tokens, matching a pattern from August that preceded a 42% price increase, with Binance accounting for roughly 57 million tokens removed in three days. Multiple major exchanges including Coinbase, Upbit, Bybit, and Bitget have contributed to the outflows. Historical data shows only five of the last 13 Octobers have closed positively for XRP, presenting a mixed seasonal backdrop for the token as it enters the month.