BREAKING
432d 6h ago

XRP Surge: Analyzing Recent Exchange Inflows and Volatility Risks

XRP

XRP/USDT

$1.4427
-9.94%
24h Volume

$3,345,132,870.75

24h H/L

$1.6122 / $1.4179

Change: $0.1943 (13.70%)

Long/Short
76.4%
Long: 76.4%Short: 23.6%
Funding Rate

+0.0063%

Longs pay

Data provided by COINOTAG DATALive data
Ripple
Ripple
Daily

$1.4328

-5.24%

Volume (24h): -

Resistance Levels
Resistance 3$1.6824
Resistance 2$1.56
Resistance 1$1.4554
Price$1.4328
Support 1$1.4179
Support 2$1.2978
Support 3$1.079
Pivot (PP):$1.4554
Trend:Downtrend
RSI (14):22.2

On December 2nd, COINOTAG News reported insights from CryptoQuant’s analyst Maartunn, highlighting a recent **surge in XRP** prices correlated with a significant uptick in **exchange inflows**. Historical analysis indicates that such movements can precede a **17% price retracement**, underscoring the essential need for investors to closely monitor **market volatility** and adeptly manage their **risk exposure**. Furthermore, data from Coinglass illustrates that the **total XRP balance across exchanges** has exceeded **$4 billion**, currently resting at **$4.181 billion** (representing approximately **1.747 billion XRP**) and evidencing a remarkable **27% growth** in total balance within just 24 hours. This coincides with an impressive **29.2% increase** in XRP’s price, signaling active trading dynamics that necessitate diligent analysis and cautious investment strategies.

Share News:
Don't Miss Breaking News