XRP, the native token of Ripple Labs, has experienced a noticeable movement with $38.51 million flowing out of exchanges. This activity has been observed amidst a consolidation phase, where the token has remained within a tight trading range.
Data from Coinglass, an on-chain analytics firm, indicates that long-term holders and major investors, commonly referred to as whales, have been accumulating XRP, contributing to this significant outflow.
The trend suggests that these large-scale holders are bullish on XRP’s future prospects, potentially hinting at an impending price surge.
