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via BeInCrypto · By Ananda Banerjee
XRP Exchange Outflows Surge 300%. Is It Enough to Save the Chart?
XRP
XRP/USDT
$0.9994
-0.30%
$0.9994
-0.30%
(24s)24h Volume
$267,274,442.02
24h H/L
$1.0068 / $0.9972
Change: $0.009600 (0.96%)
Long/Short
78.7%
Long: 78.7%Short: 21.3%
Funding Rate
-0.0014%
Shorts pay
Data provided by COINOTAG DATALive data
AB
Ananda Banerjee(04:53 PM UTC)
1 min read
XRP price faces a bearish head and shoulders pattern that risks an 18% drop below $1. Yet, exchange outflows have surged over 300% since mid-May. Plus, open interest dropped, and long leverage hit multi-week lows.
The surging buying pressure could keep XRP range-bound for now, but a move below the neckline confirms the breakdown scenario.
Bearish Head and Shoulders Pattern Risks an 18%…
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