According to the expert, over 7.03 billion XRP was recorded leaving the crypto exchanges in February. This kind of significant outflow from trading platforms often signals a change in investor behavior, particularly in times of uncertain market conditions.
A Breakout In Market Volume Both futures and spot trading volumes have spiked sharply across the major exchanges, with liquidity flooding into the market as participants position themselves for what could be a significant move. The Futures volume recorded an upsurge of over 7% in a 24-hour period, reaching $4.85 billion.
Meanwhile, spot volume witnessed a sharp increase of +15% within the same time frame, reaching about $1.31 billion. These massive figures in both markets indicate that fresh capital is flowing into the altcoin, and Xaif Crypto stated that “this is what acceleration looks like before it gets loud.”
At the time of writing, the price of XRP was trading at $1.39, indicating a more than 2% drop in the last 24 hours. Its trading volume has turned bearish and has sharply declined alongside its price, recording an over 44% decrease over the past day.
