XRP, Ripple Labs' native token, is experiencing significant price volatility with a steep decline. A massive $60.7 million outflow from exchanges indicates that long-term holders are taking advantage of the price dip. Despite the bearish market conditions, these holders are accumulating the token as they anticipate a future recovery, according to Coinglass.
The massive outflow suggests confidence among dedicated investors, yet XRP struggles to maintain a crucial support level, signaling potential further declines. This behavior reflects strategic positioning in anticipation of potential profits, despite current market uncertainties.
Дереккөз: coinpedia.org ↗