$XRP transfers to Binance have increased sharply, raising questions about possible selling pressure in the short term. According to CryptoQuant’s latest findings, around 1.6 billion tokens flowed into the exchange over the past 30 days.
This is the highest 30-day inflow recorded since March.
Inflows Rise, as Futures Stay Strong
Large amounts of $XRP moving to an exchange can be a warning sign. Traders often send tokens to exchanges when they plan to sell. However, the inflow alone does not confirm that selling has taken place, CryptoQuant explained in its post.
