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Ripple (XRP) investors on alert: $220 million exit!
While the cryptocurrency market is experiencing an earthquake, the large exits from #RIPPLEXRP ($XRP ) have caused concern.
Despite the decline in the cryptocurrency market, Ripple Labs' native token XRP has managed to maintain its critical support level. The $2.20 band plays an important role for XRP. In addition, the $220 million Ripple exit from crypto exchanges confused investors.
According to Coinglass data, traders and long-term investors bought millions of dollars worth of XRP during the price drop. #Gate.io Annual Report 2024 XRP spot entry/exit data reveals that 220 million worth of tokens exited the exchanges.
This exit offers a positive outlook for Ripple despite the price drop. Long-term investors continue to increase their savings by maintaining their faith in the popular #altscoin
In the cryptocurrency world, the term "exit" refers to the transfer of assets from exchanges to the wallets of long-term investors. Breakouts usually indicate a bullish rally and an ideal buying opportunity.
Ripple, which managed to maintain $2.20 despite the sharp decline in $BTC and $ETH , is giving positive signals. Based on the recent price action, it seems that the major coin is currently in an upward trend. Especially with the recovery of ETH, Ripple can see serious increases.#XmasWithGatePost
#USUAL and MOVE surge, are you bullish?