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XRP Whales' Binance Deposits Reach 7-Month High, Signaling Potential Bearish Pressure
Large XRP holders have transferred more coins to Binance, with the total reaching its highest level in seven months. CryptoQuant data shows the 30-day sum of whale deposits to Binance is now near 1.6 billion XRP. This surge in inflows, which has roughly quadrupled in under three months, is seen by analysts as potentially increasing selling pressure, especially as XRP's price slides near $1.30, falling below its 100-day and 200-day moving averages.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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