Update on XRP Exchange Movements: Important Information You Shouldn't Miss
Exchange Outflows: On November 29, XRP experienced significant exchange outflows, with major platforms like Upbit, Bithumb, and Binance showing net declines in held balances, contributing to a total decrease of approximately 6.54 billion XRP (29.3%) since February.
Institutional Accumulation: Evernorth emerged as a key institutional player, accumulating XRP without any outflows on the snapshot day, indicating a strategy to build a large publicly disclosed XRP treasury.
Uneven Outflow Patterns: The report highlights that while overall exchange balances are down, the outflows are uneven across different platforms, suggesting a mix of institutional accumulation and local market dynamics influencing liquidity.
Market Implications: Commentary from market participants suggests that the observed liquidity migration may signal a larger structural shift in supply, potentially impacting future price movements and reflecting long-term custody strategies.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.515 | 0.816 | 1.152 | 1.453 | 1.79 | 2.091 | 2.427 |
| Fibonacci | 0.816 | 1.059 | 1.21 | 1.453 | 1.697 | 1.847 | 2.091 |
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