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XRP Inflows to Binance hit All-Time Low as sellers exhaust above $1
Since its last high of $3.66, XRP has undergone a correction of more than 72%, even sending it below the $1 mark for a few days. Today, XRP is trading at 70% of its all-time high and is attempting to consolidate above $1. Consolidation phases typically form through an exchange of hands between sellers and buyers, particularly following a distribution episode followed by a gradual exhaustion of sellers. This is precisely the dynamic we can observe through XRP inflows to Binance, which have just hit an all-time low. Average monthly XRP inflows to the platform now stand at around 3.6M XRP. While this figure may seem high in absolute terms, it actually represents the lowest level ever recorded, reflecting the absence of any strong willingness to sell among holders. This exhaustion of selling pressure should help XRP build a solid floor above the $1 threshold. What remains to be seen is whether a genuine rebound in demand will follow this lull on the sell side, a condition that appears necessary to spark a sustainable bullish trend.