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XRP may rise 30% as traders withdraw 35M tokens from exchanges in a day

The Cointelegraph â€‹

Cryptocoins News / The Cointelegraph â€‹ 671 Views

XRP may rise 30% as traders withdraw 35M tokens from exchanges in a day

Recent XRP outflow spikes have often come before short-term price rallies, signaling a potential move higher in May if the pattern repeats.

XRP (XRP) has rallied more than 30% in the last three months, and fresh technical and on-chain signals suggest the XRP/USD pair may have more upside ahead.

Key takeaways:

Exchange outflows, positive whale flows and strong ETF demand raise XRP’s bullish outlook.

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