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XRP inflows to exchanges have hit seven-month highs as more than 6 billion tokens were deposited in the last 30 days.
Key points:
- Rolling 30-day inflows to exchanges hit 6 billion XRP on Oct. 19, their highest value in seven months.
- The 90-day moving average of whale outflows fell to $49.7 million, its lowest levels in five years, as analysts see a lack of interest in the XRP/USDT pair.
- The realized profit/loss ratio has dropped 41% in October as rangebound trading conditions return.
XRP whale interest absent as exchange inflows climb: Analysis
New research from onchain analytics platform CryptoQuant reveals that on a rolling 30-day basis, XRP exchange inflows are at their highest since March.
In the 30 days to Oct. 19, inflows totaled 6.05 billion XRP and have doubled since mid-August. During this time, XRP/USD increased from around $1 to a maximum of $1.70 before correcting to the current levels around $1.30.
“The rise in total inflows…
