Bitcoin News

Is XRP Quietly Being Accumulated? Data Suggest Bulls May Be Positioning

3 hours ago

XRP may be showing one of the cleaner accumulation

XRP may be showing one of the cleaner accumulation signals in an otherwise weak altcoin market, according to CryptoQuant analyst Darkfost, who pointed to a pickup in Binance outflow transactions as the token continues to trade inside a narrow multi-month range.

XRP exchange outflow transactions count | Source: CryptoQuant

XRP needs to reclaim the 200-week EMA, 1-week chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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